Friday, April 11, 2014

Billy Bragg “We need a Land tax – a solid Land Tax”

Question Time

Good debate on Question time - and Good old Billy Bragg gets Land Value Tax as well!

Posted by pete green @ 10:07 AM (3066 views)
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14 thoughts on “Billy Bragg “We need a Land tax – a solid Land Tax”

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  • I missed this – thanks for posting.

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  • mark wadsworth says:

    He’s a bit of a leftie, but top man nonetheless. I believe he’s in favour of PR voting as well, so all good stuff.

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  • Excellent post Pete – I’ll watch a full re-run tonight on catch up TV. I must admit I just about fell off my chair when the justification for help to buy was explained – 3 year shelf life indeed !

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  • bidin'matime says:

    Martin Sorrell (Sir…) is a fairly well respected businessman – and there he is on the BBC, insisting that it is a bubble.

    All in all, an excellent debate (although I was shouting at the screen that the so-called ‘experts’ as the Bank of England didn’t see the crisis coming in 2008; and then – perhaps fittingly – it took someone from the audience to point this out to the assembled worthies…!)

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  • @Pete Green

    Interesting post.

    I cannot help wondering how many of those people in the audience who clapped when someone said “we need more council houses” or some such genuinely don’t want to see property price inflation? Property owners are the majority and in my personal experience with the few who have talked about property prices, they all think help to buy and rising prices is fantastic. We tend to criticise politians for hypocrisy but I’d just love to know what proportion of that audience are mortaged and enjoying the London boom.

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  • mark wadsworth says:

    I must say, Martin Sorrell seems surprisingly sensible, the Tory MP was shockingly ghastly and horrible, does he actually believe his own lies?

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  • QG

    The question is of course far more complex and one that has challeneged the minds of many throughout the ages; who is top blame – the leaders or the followers? The people fed with a diet of property porn and an establishment ready to confirm the ‘rightness’ of property wealth inflation. If we had politicians and media giving a fuller picture many in that audience would realise the moral and economic problems and switch their opinion. Most people conform to societies ‘norms’ and it is up to those that are more aware of the issues and with leadership qualities to change those ‘norms’. The sophistry and duplicity of politics panders to the worst aspects of the people to justify their darker selfish sides. So I blame a week media and our corrupt political system and not the morel failings of the general population.

    That Tory MP symbolises everything that is dishonest and appalling about the modern Tory party. He and his ilk disgust me

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  • financial planner says:

    I love it that Marxists like Bragg live in mansions…

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  • mark wadsworth says:

    FP, the definition of a Communist is somebody who owns two houses (or one very large one).

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  • I love it that Marxists like Bragg live in mansions…

    Why? What did Marx ever have against big houses?

    You seem to trying to suggest that being of the political left needs to involve either living in a little house, or somehow being a massive hypocrite, which seems a bit silly really.

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  • FP, the definition of a Communist is somebody who owns two houses (or one very large one).

    LOL it would appear so!!!

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  • mark wadsworth says:

    TT, it wasn’t me who coined this slogan about Communists owning two houses, it was somebody else, probably lost in the mists of time. But I have noticed that a lot of people who merrily describe themselves as “Communist” seem to own large homes and/or second homes, holiday homes etc.

    There’s nothing wrong with having a big house, somebody’s got to have the big houses. My view is, as long as people pay the tax on them then everybody wins.

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  • Marx was as bourgeois as you can get, so being a Marxist doesn’t really preclude you from living in a large house.

    Bragg and Sorrell seemed to be the only ones with a clue. Harman and Wood were all lip service. Note that they didn’t discuss BTL at all. The Tory completely sidelined it as irrelevant and no one questioned him.

    There was an article on here last summer saying BTL was bigger than ever, having fallen back slightly a few years’ earlier, but begun rising again off the back of FLS. I think it was around 13% of purchases. Given 40% are now cash buyers, that’s quite a chunk of the market.

    https://www.cml.org.uk/cml/media/press/3859

    In Jan. 2014, BTLs took out 15,700 loans, FTBs took out 21,800. The idea that this idiot worked at the treasury and he doesn’t think that represents a significant chunk of transactions AND NO ONE CALLED HIM OUT ON HIS BS, is even more frustrating than the fact the land tax was practically dismissed as a heckle.

    But then, they’re probably all BTL landlords themselves, so what do you expect?

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