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What does it matter what a million pound house looks like? It costs a million pounds that's the important thing! If Hesseltine doesn't want to pay the tax he can come and live in my block of flats and I'll have his house! Hesseltine is a selfish hypocrite!!! _________________ You're born with nothing, and better off that way,
As soon as you got something they send someone to try & take it away!
I'm sure your digs went up massively in price during the boom, just like mine did and all the properties that shot up into the million figure that were bought as a last home by the fairly well off to retire in and now
THE LIB DEMS WANT TO TAX THEM TO THE HILT BECAUSE THEY DIDN'T HAVE THE MONEY TO BUY ONE THEMSLVES.
I'm completely calm LS. Safe in the knowledge that even the tories don't listen to Hesseltine anymore.
He's worth £240 Million and is whining about paying a bit more into the system than I do?!?! Idiot!!! _________________ You're born with nothing, and better off that way,
As soon as you got something they send someone to try & take it away!
It's got nothing to do with giving money to layabouts. If you are stinking rich you should pay a bit more towards the upkeep of this country especially as we are in a recession that the policies of the Thatcher government(of which Hesseltine was a part of) is to blame for. These policies were admittedly, and disgracefully adopted by Blair's government. In a way I feel sorry for Gordon Brown. he has inherited a mess that is over 30 years in the making! No man can sort that out! _________________ You're born with nothing, and better off that way,
As soon as you got something they send someone to try & take it away!
These policies were admittedly, and disgracefully adopted by Blair's government. In a way I feel sorry for Gordon Brown. he has inherited a mess that is over 30 years in the making!
Brown was Chancellor in Blair's government for over 10 of those 30 years so he is as responsible as anyone!!
Heseltine's objection to a tax on "mansions" was based on the fact some properties are lived in my people who have been "lucky" in the sense that house prices have soared but they are not "cash rich" so another 0.5% of their asset value being spent in tax woul be a hardship.
Such a figure on a 1.5 million house would be £6750 per annum
a 4 bed terrace in fulham (Edgarley Terrace) is currently up (SW6 Estates) for £1,025,000. Thats an additional £5075 per annum on a tax bill for the owner under the lib dems.
As helseltine well knows, ordinarily you are taxed on your income as you receive it and your assets when they are transferred. A tax based on unrelalised asset value which is variable is iniquitous and unjust. What if this house was being lived in by 3 nurses? Why should they pay the same tax as someone along the road who may be a multi-millionaire?
And what about a farmer. House value? With or without land?
Of COURSE rich peple should pay more tax than poorer people. But this is a muddle-headed and beauraucratic way of getting there. the answer is a higher rate of tax on incomes over (say) £300,000 with a top rate of 60% which existed pre-thatcher, IMO. _________________ Geordie_R
"A should of known there mum was buying banana's"
Punitive taxes for second homes; with those raised from holiday homes in rural areas being paid straight into schemes to help local families. Empty properties to be reposessed after 18 months and sold or turned into social housing.
This country is in danger of becoming a two-tier society as regards property ownership. The Lib Dems' approach is muddle-headed as geordie says, but at least they've raised the issue of our stupidly overvalued and economy-distorting housing market. _________________ Known as the catch of the camp.
Thats where it was a few years ago on much lower figures. Lawson gave the high earners a NETT 50% pay rise when he cut it from 60 to 40%. If he suggested a 50% pay rise for council workers instead ther would have been a furore. _________________ Geordie_R
"A should of known there mum was buying banana's"
it's a bit of a moot point as people will either stay here and not pay it through tax dodges (no effect) or go overseas and not pay us anything (negative effect).
we should positively encourage the rich to stay here and earn here and spend here and base their businesses here - not price ourselves uncompetitively and punish their success - frankly there are quite enough reasons to base yourself in Monaco/Switzerland etc rather than England, without us giving them more...
Last edited by accajacca on Fri Sep 25, 2009 11:40 am; edited 1 time in total
Lawson gave the high earners a NETT 50% pay rise when he cut it from 60 to 40%.
You sound like a politician.
What he did was let them keep more of what was theirs and as mentioned made it more appealing to operate in this country and get the economy going again.
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