Sunday, October 7, 2012
Party of the landowners looks after the landowners
My tax gift to Middle England: Osborne pledges NO mansion tax, NO wealth tax and FREEZE on council tax
"Chancellor George Osborne announced the tax breaks in an exclusive interview with the Mail on Sunday. Wealth and mansion taxes ruled out, council tax frozen and rail fares capped in package worth Â£500 million. He said demands for a wealth tax were â€˜the politics of resentmentâ€™" Of course, the Tories have continued Labour's splendid policy of having a stealth wealth tax on cash savings, it's called negative real interest rates, which is much the same as a couple of per cent wealth tax every year. But that's a Home-Owner-Ist wealth tax which transfers wealth from savers to landowners and especially leveraged land price speculators, so that's OK.