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By Reg Smeeton · Posted
You're joking, right? The 'mansion tax' only kicks in at £2m, at which point it's a mere £2,500 per year. Houses like that have gained £00's of thousands in recent years, completely free of capital gains tax. The people who can afford £2m houses have either (a) lived in them for decades, in which case it's almost entirely unearned wealth, or (b) bought recently on a combination of huge salary [out of which £2.5k is peanuts], or (c) on the back of a huge inheritance (more unearned income). Income tax penalises the workers, wealth tax penalises those who in many cases have landed a large part of this huge wealth without lifting a finger. (As a long term ED resident I count myself in this latter category, by the way - my house is now worth about 10x what I paid for it, my income has maybe doubled in that time). My heart does NOT bleed for those many elderly couples sitting in multi-million pound houses on Burbage Road - homes that were built with big Victorian families in mind - who might have to fork out £5k more per year for the privilege. If this really does pinch them financially then perhaps it is time to trade down to the "squalor" of a million pound house or luxury apartment in East Dulwich. -
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The Labour government have introduced pay per mile by starting with eclectic vehicles and petrol electric hybrid vehicles. They won't stop there. And nor will the Mayor. -
No it was just Christmas trees! Quite a while back now but it caused a bit of a fiasco on here, with the local councillor wading eventually on page 4. The guys who set it up still seem to be in business .
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