Oh sorry, I thought you were still talking about the inheritance tax. I'm not a fan of the mansion tax proposal, to be honest. It seems like a gimmick. Getting people and companies to pay the taxes that they're supposed to pay would be far more appropriate, workable and financially beneficial.
Sorry you seemed to be suggesting that the mansion tax should be scrapped but taxes for lower value properties stay the same. Sorry if I misunderstood
Even putting the personal issues aside, it's still hugely indicative of how scared of Corbyn the 'centre right' in labour are.
No we r spouting sensible centrist policies against the ultra-right establishment currently in power.
Well I suppose if your used to life before the welfare state (and maybe even industrialisation) then any workers rights sounds like leftist claptrap!
I've been reading through some of corbyns proposed policies this morning and I hadn't realised quite how left wing he is. Pulling out of NATO, getting rid of our nuclear capability, quantative easing for social projects (aka a risky way to spend money we don't have), a potential 75% tax rate, open immigration... And to top it off he doesn't think Labour were careless with spending leading up to the economic crash. There's absolutely no chance he will ever become PM even if he becomes Labour leader. If labour decide to elect him as there leader they are handing the Tories power in 2020.
In an ideal world, you would cut inheritance tax. However it is a question of priorities. This is money for people who have NOT been taxed on it before, but people getting a gift for nothing, just their good luck in having someone with an amount left over donate to them. And if it comes down to cutting inheritance tax or cutting the NHS, I know where my priority would lie. And the Mansion tax is just a variation on Council Tax. You already pay a tax based on the band your house is in, the Mansion Tax was just to take more of the burden onto bigger houses.
The mansion tax was just a gimmick by labour to look like they were going after the rich. In practice it would have cost a fortune to implement, negatively effect the wrong people and not actually raise much money. Your council tax is also a local tax that goes into your councils pockets and is directly spent on local services as opposed to just another slice the government is taking to flutter away.
Couldn't disagree more - I think it's very obvious to an increasing amount of the populace that austerity isn't working (well at least not working to grow the economy, decrease the deficit, and exit the recession into a full grown recovery - it is working to increase inequality and make the rich richer), and there is a growing need for an alternative to the Conservative and RedTories plan to keep punishing the poor and helping the rich, while stagnating the economy. The way to grow the economy (and thus put more money into the Exchequer) is to invest in it, not to cut spending, jobs and prospects. It's simple logic and has been proved the world over during this economic crisis. You don't spend money you don't have, you create money by investing in the economy. For example you cut 100 jobs in the public sector, you save say £500k max, but you are then paying these people benefits, not claiming tax from their earnings - they are not supporting businesses and the public, and improving livelihoods, increasing the skills base, helping businesses ect, and are also not spending money in the economy, which has the knock on effect of stalling the building and retail sectors (to a small degree, but every 1,000 extra people out of high paid work adds up). True these people may then find a low paid, zero hours contract - but as those wages are under the poverty line, they will not be spending, or helping the economy, but instead claiming benefits and being a 'drain' on society. So most of the £500k saving is actually swallowed in all the auxiliary costs. Not to mention the human costs - the mental health crisis which will hit in the coming years, the increased use of anti-depressants, the long term unemployed/under employed, increased crime rates, poorer academic performances in schools for children from poorer backgrounds living in unsecure housing, with little financial security. Meaning we are less likely to have the high skilled workforce we need in the future to compete internationally.
I also don't, and have never, understood the argument that Corbyn winning will mean Labour are unelectable, despite him inspiring large numbers of the populace without any media support and with little campaing funds. While voting for a same old same old Labour leader, who is promoting 'Tory-lite' policies will make Labour popular, despite this action being one of the main reasons so many people have turned away from Labour, and why they crashed in the last election, and saw decreasing popularity for the last decade - losing the last 2 elections. I must have missed something somewhere....
??? How extending a tax which is already in existence (the House Tax/Stamp Duty Tax) so higher band houses pay more, an 'unworkable gimmick'? It doesn't seem to cost a lot currently , and no one seems to have a problem with it. Not sure how asking for a little bit more money from people buying 'mansions' won't raise more money? As far as I'm aware council tax goes to the council, stamp duty goes to the treasury. True, some governments may 'flutter' away on things like ID cards, trident or illegal wars, but it depends on who you vote for. It'd be much better for that money to be given a chance to be invested in the NHS than for millionaires to 'flutter' it away and expect further cuts and taxes on the poor to pay for things.
You can disagree but what has the electorate done to suggest they want more left wing policies? A Tory government and 4million votes for UKIP.... Yep a man who believes in open immigration is definitely gonna hit the spot with the general public.... It's not like the only time labour have won an election in the last 30 odd years was when they were at there most right wing with Blair at the helm...
The mansion tax doesn't exist and is different to stamp duty. Stamp duty I believe has been raised by the Tories as it's a far more common sense approach than the ridiculous mansion tax nonsense labour came out with.
