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 £500 million. He said demands for a wealth tax were ‘the politics of resentment’" 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.

Posted by mark wadsworth @ 12:29 PM (1378 views)
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6 thoughts on “Party of the landowners looks after the landowners

  • Great stuff!

    Another year without having to support an army of nail technicians and wanabee celebs!

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  • mark wadsworth says:

    Mr G, oh you will still be supporting them, via income tax, VAT, NIC and so on. And they in turn will be supporting the unemployed with their income tax, VAT and NIC and so on. And the unemployed will be supporting the landed classes by qualifying for Housing Benefit, thus maintaining the “trickle up” school of economics so beloved of the Homeys.

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  • BUT, where are the spending cuts, where are they bringing the troops home. Where are they putting two fingers up to the EU and keeping our bought and paid for coal fired power stations?

    No, they won’t really do what is necessary. And remember, inflation caused by ZIRP and QE is a tax.

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  • Welfare for the wealthy. Austerity for the poor.

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  • Cornishtinmine says:

    at the very least they need some new higher bands for Council Tax

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  • cornishtinmine says:

    at the very least they need some new higher bands for Council Tax

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