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Triggaaar

Well-known member
Oct 24, 2005
50,207
Goldstone
It seems common sense to me that when times are tough, those who have a lot more should pay more. I am at a loss to think how this could possibly be regarded as controversial but Britain is a strange place in this respect.
Because there will be some people, particularly old people, who've been in a house for a long time, and they'll have to leave simply because their house has gone up in value. They may not earn any money at all. It isn't taxing the people that earn a lot, it isn't taxing the people with a lot of money, it's taxing the people that live in London. It makes no sense at all.
 


Bold Seagull

strong and stable with me, or...
Mar 18, 2010
29,808
Hove
Because there will be some people, particularly old people, who've been in a house for a long time, and they'll have to leave simply because their house has gone up in value. They may not earn any money at all. It isn't taxing the people that earn a lot, it isn't taxing the people with a lot of money, it's taxing the people that live in London. It makes no sense at all.

Labour's proposal states then anyone with an income of less than £42k per year can defer the payment until the property is sold / changes hands. So for many pensioners whose value has simply risen, as long as their income is below £42k they won't have to worry.
 


Triggaaar

Well-known member
Oct 24, 2005
50,207
Goldstone
Labour's proposal states then anyone with an income of less than £42k per year can defer the payment until the property is sold / changes hands. So for many pensioners whose value has simply risen, as long as their income is below £42k they won't have to worry.
Well that will help. But they'll still have to pay, even though they don't earn, so it's taxing people in the South, and not taxing high earners. Northerners in mansions with millions in the bank won't have to pay - nice.
 




Gwylan

Well-known member
Jul 5, 2003
31,341
Uffern
But I'm just left of centre, and I don't like it. It's called a mansion tax, but it's really a tax on those that live in London and the South East.

yep, three bed terraces across London will be in, castles in Scotland out. you can see why the SNP love it.

It's not really true to say that it's a tax on those who live in London or the south-east. I live in a 4-bed house in Brighton, one of the more expensive towns in the south-east and I wouldn't be subject to a mansion tax if the house increased in value six-fold.Three-bed terraces in rich parts of London would be affected but not all over - I just searched east London and 95% of 3-bed houses didn't fit the mansion tax limits.

I don't agree with the mansion tax, I'd rather there was a re-evaluation of council tax, but let's not pretend there are going to be millions of people affected by this
 


Bold Seagull

strong and stable with me, or...
Mar 18, 2010
29,808
Hove
Well that will help. But they'll still have to pay, even though they don't earn, so it's taxing people in the South, and not taxing high earners. Northerners in mansions with millions in the bank won't have to pay - nice.

Do northerners not own properties over £2m? Just because £2m buys a bigger property, it's still £2m, or are you saying northern millionaires are tight?
 


Mellor 3 Ward 4

Well-known member
Jul 27, 2004
9,821
saaf of the water
Do northerners not own properties over £2m? Just because £2m buys a bigger property, it's still £2m, or are you saying northern millionaires are tight?

I think we all know there are far, far more properties in London and the South East valued at more than £2 million than elsewhere in the UK.
 






Triggaaar

Well-known member
Oct 24, 2005
50,207
Goldstone
It's not really true to say that it's a tax on those who live in London or the south-east. I live in a 4-bed house in Brighton, one of the more expensive towns in the south-east and I wouldn't be subject to a mansion tax if the house increased in value six-fold.Three-bed terraces in rich parts of London would be affected but not all over - I just searched east London and 95% of 3-bed houses didn't fit the mansion tax limits.
Yes it is true. That doesn't mean that a large percentage of people in London or the south will have to pay, but it does mean that the vast majority of people that will have to pay are in London or the south.

Do northerners not own properties over £2m? Just because £2m buys a bigger property, it's still £2m, or are you saying northern millionaires are tight?
Mansion means a large stately house, or a manor house, but as pointed out by Titanic, most of the properties over £2m aren't even detached. Rich northerners can own massive houses, far grander than the ones that will fall foul of the tax, but because they're not in the south, they won't have to pay. It's as stupid as it gets. But don't worry, because it won't affect us, let's **** 'em.

That is because the South East has far far more wealth than elsewhere in the UK Q.E.D.
So because the average amount of wealth is higher, we're going to tax those with nice houses in the south, but completely ignore those with both more money and nicer houses that are outside the south.:wozza:
 


seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,690
Crap Town
I love the YouGov one in the Sun that they won't mention as it shows Labour in a lead and has done for several days, perhaps [MENTION=36]Titanic[/MENTION] writes for the Sun ?

YouGov are the polling organisation who get it more spot on than the others , Peter Kellner has said Labour only have to win more than 270 seats and Cameron is a dead duck.
 






Machiavelli

Well-known member
Oct 11, 2013
16,663
Fiveways
Well that will help. But they'll still have to pay, even though they don't earn, so it's taxing people in the South, and not taxing high earners. Northerners in mansions with millions in the bank won't have to pay - nice.

That's because people in the south have enjoyed disproportionately high rises in property prices over the past few decades. A significant contributory factor to this has been government/s policy. Were you on here complaining about that, when government after government has assisted in this? After all, it's got nothing to do with the effort of the property owner that prices have risen; it's down to a combination of luck and government policy.
I'm also of the view that governments ought to shift taxation towards property and assets, and away from labour.
 


Gregory2Smith1

J'les aurai!
Sep 21, 2011
5,476
Auch
Firstly, this is the same article...the Metro have cribbed it from the Independent. It's almost word for word identical.

Second, "scores" is not 2.5 million; it's nowhere near. Seems to me you made a flippant comment.

That said, if it is the case that a 75% tax rate only results in a few scores of people leaving, we will have absolutely nothing to worry about if we stick a few extra %s on the UK's top rate.

London is known as France's 6th city here,due to the amount of French people already living there,the exact figure before you ask I couldn't tell you,just repeating what's being said in the French media

and guess what,they're all there to work

unlike all the Brits that live in France,simply to retire not work
 




beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,315
That is because the South East has far far more wealth than elsewhere in the UK Q.E.D.

right. so lets be honest about what it is and call it a wealth tax.
 


Triggaaar

Well-known member
Oct 24, 2005
50,207
Goldstone
That's because people in the south have enjoyed disproportionately high rises in property prices over the past few decades.
People with money may have made a profit through all manner of investments and I'd like to see them taxed on the amount they've earned, not based on where their homes are.

A significant contributory factor to this has been government/s policy. Were you on here complaining about that, when government after government has assisted in this?
Which policy is it you'd like to discuss?
I'm also of the view that governments ought to shift taxation towards property and assets, and away from labour.
So do you agree with me that it should be on all assets, or should it only be on people that live in the south?
 




melias shoes

Well-known member
Oct 14, 2010
4,830
London is known as France's 6th city here,due to the amount of French people already living there,the exact figure before you ask I couldn't tell you,just repeating what's being said in the French media

and guess what,they're all there to work

unlike all the Brits that live in France,simply to retire not work
You should know mate living in France and all that. I tried to explain that over 2m had left since Hollande came to power. Not all to England but a large proportion have. The rest scattered over Europe. Escaping the failure of socialism and high rates of tax. I may have wrongly suggested that they had all left due to the high rates but a large number have.
 




melias shoes

Well-known member
Oct 14, 2010
4,830
Firstly, this is the same article...the Metro have cribbed it from the Independent. It's almost word for word identical.

Second, "scores" is not 2.5 million; it's nowhere near. Seems to me you made a flippant comment.

That said, if it is the case that a 75% tax rate only results in a few scores of people leaving, we will have absolutely nothing to worry about if we stick a few extra %s on the UK's top rate.
Sticking a few extra % on the the top rate will make hardly any difference in revenue collected.
 


Gregory2Smith1

J'les aurai!
Sep 21, 2011
5,476
Auch
You should know mate living in France and all that. I tried to explain that over 2m had left since Hollande came to power. Not all to England but a large proportion have. The rest scattered over Europe. Escaping the failure of socialism and high rates of tax. I may have wrongly suggested that they had all left due to the high rates but a large number have.

Socialism is dead,how many more times will this dead horse get flogged

look at France,you won't find many more socialist than the french,but even they've had enough

Hollande is the most unpopular president in history,so much so that Sarkozy,who wasn't at all popular during his first presidency,will win the next election by a landslide
 


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