The massive report that was commissioned and put together by experts saying it’s the best option, rather than passively dismissing it as “completely impractical” based on nothing.
What does it matter that we’re on a football forum? I’ve been having a discussion already, you were the one who dismissed it out of hand with no kind of reasoning.
Since you bring it up yourself: I think the point here is that @Rado_N is trying to have a discussion and you're not. You're rather defending your right to shout something without having to back it up in any kind of way (well, maybe an Argument from Authority). And while you can indeed do that if you want, that's not the discussion you're asking for yourself in this quote.
That seems like a generic pro-capitalism argument though: governments are inherently inefficient, governments can't pick winners, and so on. That holds no water though. For one, the US is one of the most privatized countries in the world and is particularly big on wasting money. Also, job protection in the public sector has more behind it than the bottom line; Canada also protected all of its public servants, and that's not because of inefficiencies. So what you're saying here doesn't really answer anything for me.
To be fair, he’ll have paid 20% VAT on a lot of that frivolous consumption.
It would be hard to administer in the UK. Where my mum lives the houses are very samey, but in parts of London you have former social housing blocks cheek by jowl with nice detached period properties and so on. The street behind ours is massively more expensive etc....
It's not ethical to retrospectively tax someone for a third time on a property and then they'll have another go with IHT.
The solution most economists seem to suggest to this problem is a Land Value Tax, where the tax is levied on the unimproved value of the underlying land, disregarding any property built on it.
That's still a very blunt tool, given what's built on the land is more important.
I dunno, I was wondering if they'd just use postcodes, which basically relate to individual streets. The streets, even if small, can have houses from multiple eras though, so doing it accurately would be very labour intensive if is to be fair.
Taxes are not a punishment. They’re the price we pay for a functioning society. It’s about finding the fairest way overall.
Yea, it would also “catch” people who leave the country, or potentially even people who left recently before it even gets announced.
