To be scared of Labours Land tax

[Dragongirl10]

Just read about this, Labour are proposing a Land Value Tax on any land owned, could cost thousands a year for anyone even with a small house, not just the rich....they have not publicised this at all.

People with modest homes could be forced to sell or go into debt, or be repossessed...

I am really hoping that is a 'shy tory' issue. It happened last time. People especially I am afraid to say on sites such as MN chased anyone other then left wing people off threads, claimed that Ed M would win and look what happened! Then the next day they were claiming if all the people that didn't vote voted then Labour would have got in!

I do think that TM has messed it up somewhat and her majority has declined but we have a big ageing population to consider. I would have been affected massively by her social care proposals but I felt it was on the right lines. I think if she is going to now place a cap on it she needs to state what it is NOW!

And where did Labour get the rent a crowd last night before the debate. What a load of nonsense that was.

People shouting over each other. No wonder TM stayed away. What did it achieve? I watched BGT in the end

Janet

I don't agree with your assertion that it's morally wrong to have publically funded schools, hospitals, fire and police, defence and care for the old, sick and disadvantaged.

Or do you perhaps think that spending is funded by a money tree?

If so, perhaps you can tell me where Theresa's imaginary £8bn for the NHS is coming from.

40% isn't low! Some people pay 62% on some of their income, as i once did.

There are stats on the BBC website today about how many people pay tax and how many pay the higher rate. Nobody is saying that should be reduced. But I am v sceptical about the "benefits" of increasing it much more and the inevitable slippery slope as corbyn grips his cash cow ever tighter and ignores the fact that it is getting ever leaner.

AIBU to be scared of labours land tax?

Off all the problems to have in the world though

Yes YABU. You are also being unreasonable to not venture beyond the tory SoundBites and discover it's not even a thing.

*Of not off.

Off all the problems to have in the world though

You could say that about absolutely anything!

Different issue matter to different people. London homeowners tend to have very little disposable income particularly if they pay £24k a year in childcare costs and have a massive £500k - £1m mortgage so an extra property tax on top of the £22k they probably alread paid in stamp duty just to buy the place is a step too far as it is taxing them on income they don't have.

On the question to me about morality I regard a big state and high taxes as morally wrong and I would prefer much less state provision to give people the dignity and ability to be self reliant and happier. The left do not by any means have the moral high ground. Also even we Tories support a basic welfare state. We all want an NHS

T May has the middle ground in this election and is the best bet to take the country forward.

Can we all stop frothing now? I'm sure Tory HQ willl back in the morning to let us know that Labour are going to fit everyone earning over 20p a year with meters and charge them for every breath they take.

GlitterGlue don't give them any more ideas!

Have you not got anything more important you could be doing today Theresa ?

Also even we Tories support a basic welfare state

Tell that to the thousands who have had to hand their mobility cars back Janet.

Labour will be taxing each and every one of us right left and centre if they get in its what they always do. Land tax will be the least of our problems!

Well, this thread has taught me I need to be far more fearful of all the things that aren't explicitly in manifestos but that might get done anyway!

Gosh, I wonder what sort of things the Tories might do; I haven't liked anything they've done so far, or anything that's actually IN their manifesto, but I'm an optimist so maybe I'll vote for them anyway and they'll pleasantly surprise me.

Labour will be taxing each and every one of us right left and centre if they get in its what they always do. Land tax will be the least of our problems

Sorry. Remind me again who was going to impose a tax on the self employed only a fee months ago until there was uproar over it?

I wouldn't hold out too much hope on the tax thing either, especially given TM hasn't actually ruled out a tax rise, despite being asked several times.

Good lord. Yes, this is scaremongering.
All those figures originally appeared in a Telegraph article which was Boris Johnson pulling figures out of the air and a single Labour comment right at the bottom in which they specifically responded saying it was nonsense and we have no such plans

Judge Labour and Corbyn and criticise as much as you like but do it on their actual policies, not random accusations by an
opposing political party that have been repeatedly debunked.

God yeah, labour would be shafting all of us with their making sure we had a functioning health service, affordable transport, good public services and a well funded education system. Bastards.

I don't think this is scaremongering, labour have said they will consider this in their manifesto, they didn't add it in as a joke. The current tax income (even with their planned higher rates and vat on school fees etc) isn't enough to cover the outgoings proposed and they will need to raise more money. This isn't the Tory party saying this, it's the IFS. John McDonnell has previously laid out details of what a land tax could be in more detail and it's terrifying for anyone who owns their own home and is currently just getting by. I cannot understand why people would vote for this, and for what, to help them re nationalise the water and post - crazy!

I worked in Council Tax and was told by someone very high up at the Valuation Office Agency in 2009 that Labour had plans for a tax based on improvements to homes, and which would also incorporate nice views. The info was in the press around that time, and it was stopped when the conservatives came to power in 2010.

www.independent.co.uk/news/uk/politics/prescott-satellite-to-spy-on-your-home-6112931.html

www.thisismoney.co.uk/money/news/article-1693640/Officials-spy-on-gardens-to-hike-council-tax.html

...however the Tories specifically did NOT say in their manifesto that they would consider a cap on payments for care in later life, but have accused people of scaremongering for not assuming one. Funny what constitutes scaremongering to different people.

Doingthings, yes you are spot on, their figures just dont add up.

however the Tories specifically did NOT say in their manifesto that they would consider a cap on payments for care in later life, but have accused people of scaremongering for not assuming one. Funny what constitutes scaremongering to different people.

Yes and they were ridiculed for it accused of u turning etc labelled the dementia tax.

This is in the manifesto yet it is 'scaremongering' to mention it or even be concerned about it.

Everyone sees things through their own blinkerself-contained.

*blinkered views. Not sure where that came from

Ah epoxy, you just brought back such happy memories of the country under labour governments....

.... in your/corbyn's dreams!

Doingthings you do realise a land value tax would potentially raise lots of money from developers buying up vast swathes of land then failing to develop it until the property demand and prices have soared and they can maximise their investment? Literally noone things developers acting like this is a good thing.

It's a strange assumption to make that Labour would be secretly planning to squeeze the common man - quite the opposite of Labour's for principles - on the basis of half a line in their manifesto.

Moussemoose tax in the US isn't low. It is variable according to which state you in - some have lower income tax but higher taxes on car ownership etc. And there are city taxes as well. If you want the advantages of living and working in NYC your tax bill will be comparable to the UK. Meanwhile there are other countries like Switzerland with very low tax rates and very little poverty. Comparisons with other countries are not always helpful. The cost of living is different, the fabric of society is different, the extent to which people take personal responsibility for their own health and well being is different, so the choices that governments elsewhere make do not always travel easily.

Indeed piglet, everyone sees things through their own blinkers.