What do you think are the ethnicities of the people living in the multi-million pound houses? Middle Eastern, Russian, European, you name it. Many of them are the highest tax payers in the U.K.
If you honestly think that these "global super-rich" people are some of the highest taxpayers in the UK, I've a bridge to sell you. Back in 2010, the government commissioned research into ownership of prime housing in London and discovered that huge amounts of such property was actually owned by foreign companies in other tax jurisdictions. This situation took advantage of a loophole that meant no council tax was chargeable.
Yes, significant numbers of people owning and "living" in these multi-million pound homes were not even paying a measly £3.5k a year in council tax until George Osbourne, interestingly, forced a change. And then people wonder why local councils are so cash strapped, ffs.
Again, the idea that Russian and Middle Eastern billionaires living in Kensington and Chelsea are paying anything close to a reasonable percentage of their income into British state coffers is beyond ludicrous. A significant percentage of foreign national owned homes in prime areas of London are vacant for huge amounts of the year; they have been bought as surrogate bank accounts to stash money or as boltholes in case of insurrection in their home countries. These are the proverbial "non-dom" properties, used for a week or two at most, where owners pay next to no income tax in this country and no VAT on purchased goods if they are normally resident outside of the EU.
They are, to all intents and purposes, "dead" households in terms of British tax take.
We live in K&C and I can't think if one full British family in our street. Housing is allocated to those most in need or purchased by who can afford it, regardless of your country of origin.
I cannot believe you think it is perfectly acceptable for the global super-rich to buy up huge amounts of housing resource in another country, disenfranchising the nationals of that country and creating a housing crisis in the process. These people have poured huge amounts of global capital into the British property market, causing extraordinary price rises that have filtered through the entire housing stock in the South East and beyond. Half the new build in Manchester city centre is owned by foreign investors trying to flip between off plan and sale, park cash or act as rentier capitalists on the back of British nationals and residents.
Crikey, I haven't been a leftie for a good ten years, but your post makes me want to resurrect Karl Marx.