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...

So when has there been a successful left wing Labour party over say the last 40 years?

Thatcher would have fought for changes whilst we were in the EU instead of caving in like Cameron did and pushing a vote onto us!

Unfortunately when services are decommissioned - due to no one using them, it's still talked about as CUTS CUTS!

But piglet - she was right on that point.

The pattern seems to be "Labour funds programs, as they become effective people start to get arsey about 'paying all this tax to fund scroungers', the Tories promise to drop top rate taxes, they get in and sell off all the services Labour have built up, drop corporation and top tax rates and cut services to fund it until things get so harsh that people vote Labour back in."

The "good business sense, have to be tough" Tories seem to coast a lot on the investment of previous Labour governments.

We all agree tax dodging companies should be fairly taxed. Who is more likely to do it Labour or the party funded by those very tax dodgers.

In relation to where has socialism been my effective. Firstly, define socialism I want 5000 words by tomorrow morning. Socialism possibly nowhere, left of centre social democrats - all the Scandinavian countries until about 15 years ago.
Coalition's with strong left wing parties - loads of examples in northern Europe. However, with our fear of coalition not likely in the UK.

Finally, let us not dismiss the New Jerusalem of the reforming 1945 Labour government that set up the NHS and our welfare state. Red in tooth and claw, it had to be to pass those laws.

People stay in the UK for all sorts of reasons but if you start attacking their earning power those that can will move.

As people see their money disappearing into some never ending tax black hole and they see their life style being cut back and the weather worsens people will just think why not earn the same in a sunnier clime than stay here and shiver.

Oliversmumsarmy

People stay in the UK for all sorts of reasons but if you start attacking their earning power those that can will move

I'll say it again.......where to? Where are all these high earners moving to?
Most northern European countries have higher tax burdens. USA is hard to get in. Australia not that different to the UK. Someone said after Hollande increased taxes in France the high earners moved to London.

Where next? Simply upping and moving to this mythical, low tax, sunny country is not practical for large numbers of people. And you know what if you resent paying your share of tax then fuck off and good riddance.

Oliversmumsarmy

If Labour win we will definitely leave, it's touch and go as it is with the high cost of living in London coupled with the high tax burden.

I am a higher rate tax payer and DH is an additional rate tax payer, both working in fields that are internationally competitive. We are both in our 20s so many many years of paying tax ahead of us. 5 years abroad in a low tax economy would really set us up for life when we return.

Rhayader would that low tax country be one of the Gulf states?

If you feel comfortable living in a country with so many human rights issues really, really just stay. Don't bother coming back. Personally I would rather be poor but have some moral integrity.

Good luck with being poor and having integrity. How are those principles going to help the very people you're claiming to want to help?

Higher taxes for decent services is not the issue. Higher taxes poured into an endless black hole of incompetency (e.g. Reprivatising the railways, like British rail was something to aspire to!)? No thanks.

There has to be a trade off between paying tax and getting something for it. So to use some figures above people are likely to stay in the UK and take home £70,000 rather than the £100,000 they could earn elsewhere if the following hold true (in no particular order):

1. They and their family benefit from free at the point of use services such as NHS, schools, policing, public infrastructure etc etc which compensates for the tax difference.

1. They are not confronted with poverty.

1. They have a good quality of life - i.e. that £70k is enough to have a good place to live and affordable food, utilities and other consumer goods and commodities.

There's no point earning £110k if the cost of living is exorbitant and you can't afford healthcare or somewhere decent to live for you and your family.

I think there is an issue at the moment with the fair distribution of wealth. I know there are issues around social mobility. Tax is just one part of that but it's a really important one.

We need industry and we need things to sell. We also need to be an awful lot more self sufficient. We should be investing in green initiatives and ethical food production to remove our dependency on imports. We should invest in our profitable industries such as higher education and financial services and sell to international customers. Recent Tory cuts to immigration numbers have hit foreign students because it's an easy way of massaging the figures but it has harmed one of our more profitable revenue streams and lost us the opportunity to exploit some of the brightest and best brains.

People will want to be here if it's worth being here.

And on what are you basing your assumption of the Tories' competency Sionella? Where are their success stories? They're the ones who've been in government for the last few years aren't they? What do they have to show for it to evidence how wonderful they are for the economy?

Moussemoose

I doubt we would move to the middle east. More likely Hong Kong, Bermuda, Bahamas, Switzerland even the channel islands.

It's not a completely tax lead decision, it would also be really great for our DC to experience another country, maybe learn Cantonese. We've always wants to live and work abroad and a government being elected who want to tax us even more would be a pretty good time to leave. We would also be able to come back before secondary school for our eldest if we left now.

In Hong kong if you have 2 DC you pay 10.8% tax on a 150K (GBP) salary. In the UK under Labour you would pay 43%.

Ha ha "Personally I would rather be poor but have some moral integrity." Do you think Jeremy Corbyn is going to come round and shake you by the hand? Labour need people paying a lot of tax otherwise they wouldn't be able to keep people with their lovely moral integrity happy.

I don't want to be a poor. I don't want anyone to be poor.

I'd like to change the rules of the game to make them fairer for everyone.

So thrilling to meet so many true patriots.
How odd to be more scared of a rumour than the real risk of becoming disabled and not having any money or health care.

Epoxy - as I have said above, I am not voting Tory. I don't like the incumbents. So why should I have to defend them?!

But I do think even they are better than a true left government. Corbyn's plans depend entirely on a limitless supply of tax. You can bury your head in the sand, but poster after poster is saying, yes, if taxes go too high, I will leave.

Rhayader glad things would be alright for you. Jack.

I really would rather tight Tories did leave..there would be others willing to take their nicely paid jobs

Who do think would be more capable then Sionella? And on what grounds> No party is perfect, but some are closer to my idea of it than others.

TheMonkeyAndThePlywoodViolin

Yeah I doubt this. TBH if Labour get in and introduce their financial transaction tax, all of the finance jobs will leave anyway (as demonstrated when Sweden did the exact same thing and had to cancel it after a year because it was such a disaster).

DH's job is pretty international and they wouldn't replace him. He could do it from New York, London or Hong Kong it would make no difference really.

Will there be many finance jobs left in the UK after Brexit, Labour or not?

Oh actually, Sweden didn't do the exact same thing. Their tax was 0.003% and Corbyn's is 0.5%

Not if we fuck up the negotiations Epoxy :(

@Rhyader, it comes across that you'll leave irrespective of who gets in, so a bit of a non argument! What is keeping you here if Hong Kong is so fantastic?