From the Telegraph
Andy Burnham, the frontrunner for the Labour leadership, has described Ed Miliband’s flagship mansion tax policy as “spiteful” and disclosed that his mother telephoned him to warn it was a vote-loser.
Describing the policy as “spiteful” and anti-aspirational, he said he knew it would lose votes when his mother Eileen phoned and told him it represented a return to the 1970s.
“It felt spiteful and went against the grain," he said. “We need to get back to communicating simple policies that will make a real difference to people.
“Labour looks like an elitist Westminster think-tank talking in language that people don’t understand. We lost our mooring.”
Jesus H Christ on a Bike. It was Labour's best policy, you idiot. In terms of public support, I refer to YouGov:
The poll reveals that 65% of people in Britain support introducing a mansion tax, while 22% are opposed and 13% are undecided. A plurality (49%) of Tory voters support the plan, while 41% are opposed and 10% aren’t sure. Labour and Lib Dem voters are strongly in support of the mansion tax, at 79% and 74% respectively.
So, even rather a lot of Tory voters, probably the less well-off end that are marginal voters support it. And most free-market economists of the Milton Friedman school support the broader tax, land value tax because the alternative is taxes on the productive economy. That's why land value tax is aspirational. We want people to not be taxed on their work, because that's what makes the world better. Taxing land values, created by the state, doesn't destroy productive wealth.
How many people in this country honestly have an aspiration for a £2m home? I'd love to own one of the big places on Rightmove in the beautiful Kennet Valley. If I made my millions, that's what I'd do. And you know, there are literally 3 over £2m. There's a load of lovely places costing £1.5m that I doubt I'll ever own. But let's say that the 9 bed place near Pewsey was my aspiration, does anyone think that I'd feel crushed at knowing that I'd have to pay £3K/annum to own a £2.3m home? I'd have had to have earnt £4m before taxes just to do so. another £3K/annum is like losing some spare change down the sofa at that level.
Under his leadership, Mr Burnham said, renters would be offered help to buy their home.
With what? We're going to take even more money out of the productive economy to hand to BTL landlords so that productive people can own a house? How is that a good thing, you dickhead?
Sunday, 21 June 2015
From the Telegraph