The UK has borrowed too much money, has a massive debt - £105 billion goes on paying our debt interest

I’m really confused. What tax are you talking about? The one I suggested that replaces stamp duty and council tax? 0.5-0.7% of the value of the property in which you live, no matter whether you own or rent it. Just like council tax, but value based on where you can afford to live. It would also have the benefit of reducing house prices / rental slightly.

That's currently the case, but adding a tax to penalise home ownership would reduce the benefits of owning a home, as well as in turn likely reducing house prices as there would be more demand for rentals and more people selling to avoid being taxed and to free up their money.

Short term pain for long term gain. You may be "worse off" on a short term cash flow basis with a mortgage, but at least you're paying towards owning your home, as your mortgage capital loan will be falling, and you'll almost certainly benefit from house price inflation over the long term.

Get people working. Part timers to work more hours, unemployed and disabled to work (if they can), discourage early retirement, etc.

This is what happens when you have 9 million people of working age not working and 6 million of then claiming out of work benefits.

It’s also what happens when you have a bloated public sector, a useless civil service and even more incompetent politicians who have no experience of how to actually make money, only how to spend other people’s money.

Just to finish off what’s left of the economy, Rachel from accounts comes along and trashed it by killing businesses through tax hikes and Red Miliband starts spending borrowed money like confetti on the net 0 scam which is designed to funnel money to cronies or corrupt government officials and politicians.

Why would anyone put their money into buying a house just to be taxed for it? That would just hugely increase people looking for council housing that then has the added benefit of not being taxed as well as lower cost, and privately renting so they are eligible for housing element of UC and better off.
We are worse off month to month with a mortgage than when we rented with UC, if owning a house was then taxed extra lots of people would just decide to avoid that by taking state support and renting.

I love the idea that all the OAPs plotted this like evil bond villains laughing as they sit there screwing over their grandkids in their glorious 1930’s semis in lovely towns.

they just got on with living, paid what was asked.
like we all do.

if the governments didn’t ask for more that was the issue. Not the pensioners.

it was all thatchers fault for right to buy, and privatisation of everything. Then successive governments not reversing it

A capital gains tax is a tax on the gain you’ve made. This is a tax on the current value of the property. Nothing to do with your purchase price at all. Same basis as the current council tax, but more reflective of the current value of your property rather than a past value and no limits on tax for mansions. Works really well in a lot of Western European countries.

Agree with many of the suggestions here.

Replace council tax and stamp duty with a 0.5% annual charge based on home value. They have something similar in California.

Ban the sale of U.K. homes to non-residents.

Remove the right to buy discount and build more council homes.

Keep the level of disability benefits unchanged but massively tighten eligibility so that numbers are similar to 10 years ago so no benefits for ADHD, ASD only for the most severe cases and none for anxiety. No mobility free car unless for a disability that means that one cannot walk unaided.

For children, DLA to be replaced with vouchers for therapy etc so that any money is spent to help the actual disability and to remove the incentive to have children diagnosed.

Make child benefit universal again, and the same for childcare. The disincentives to work caused by the means testing are wholly disproportionate.

Yes that’s completely right! Haven’t paid enough in.

Yup - pensions need means testing for sure.
We also need to build more social housing and infrastructure related to that.
Potential land tax (could be very achievable once the government bring in compulsory registration of currently unregistered land which is currently being looked at).

What they haven't done is pay enough.

They should put this message on the buses!

People have paid in all their lives.

What they haven't done is pay enough.

That's one of the reasons we now have £3 trillion debt and a government that is petrified of borrowing more because of what the markets will do as a consequence.

As a poster said earlier, shift the balance of taxation from earned to unearned income.

So higher CGT and asset taxes.

This makes sense but so many are outraged about recent higher CT on their 2nd properties that they own but don't rent out. Many people feel
entitled and don't want systems to change.

Think about how much money goes into servicing mortgages, paying rent. How so much of that rent is topped up by tax payers money and rather than going back to the government goes to landlords.

As a poster said earlier, shift the balance of taxation from earned to unearned income.

So higher CGT and asset taxes.

Yes and the young today won’t be able to retire until they’re at least 70 if not older. There may not even be a state pension (due to rapidly decreasing birth rates), so many will live in poverty.

In the past as housing costs were much, much lower so a couple could comfortably survive on one wage. Many more women stayed at home as housewives (and who never really worked full time jobs despite their children being grownup) so these people haven’t actually “paid in” all their lives.

To an extent, but it can't be tax alone. We also need to reduce the total benefits bill, and grow the economy.

That's the conundrum. How do you create growth?

They also paid tax and NI all their lives.

The vast majority won't have paid enough to cover their state pension. Thats why changing demographics matter

To an extent, but it can't be tax alone. We also need to reduce the total benefits bill, and grow the economy.

They are evil for cutting disability and incapacity benefits because it will end up costing more and hurting the economy more. You can’t cut your way to a growing economy’s . We already have 1 million more unemployed than there are job vacancies, adding another 2 million disabled isn’t going to magic up enough jobs. In fact, by targeting the majority of the cuts on PIP, they are going to push tens of thousands of disabled people out of work, but who cares right? The fit and healthy are always the priority for work, which is why £1bn of the money snatched out of the hands of the disabled will be handed to contractors to set up and run a youth employment assistance service.

• They need to be means tested Disability payments only to those earning under 60 Thousand ,for example*

But what about older people who earn under that but have hundreds of thousands of pounds of housing equity.

Housing inflation and wage stagnation has created so much intergenerational inequality and really fucked the economy.

My health service? I can assure you that my parents’ experience of that has been far better than mine. My mother had the experience of ‘lying in’ for a week at a local hospital that shut down decades ago. My second birth was abroad where they still do that: odd how other countries can still afford these things. I am increasingly convinced that I would have died on the NHS.

The only option is more taxation but we have to spread it across everyone.

We never recovered from 08 and low interest rates just masked a lot.