tag:blogger.com,1999:blog-1141932539860553199.post7146262387653480114..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Stamp Duty Land Tax - intended or unintended consequences?Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1141932539860553199.post-83837956356158851992016-01-20T17:53:08.472+00:002016-01-20T17:53:08.472+00:00Lot of LVT hate on Tim Worstall's threads desp...Lot of LVT hate on Tim Worstall's threads despite a reasonable point :(<br /><br />"It’s the thin wedge of the usual LVTer nonsense.<br /><br />Wait a few minutes and DBC will be here to tell how wrong we all are."<br /><br />Also new argument - LVT is 'corruption'<br /><br /><a rel="nofollow">HERE</a><br /><br />Here’s the current situation:<br /><br />Private investor: “Can we build ten thousand new homes in the abandoned factory district, rent them out at market rate, and return the income to our investors?”<br />Council: “Certainly not! You can build three homes, of which five must be “affordable”; and you must give the council a bung – sorry, a section 106 payment – worth millions; and you must hire my cousin’s construction company.”<br /><br />Here’s their new plan:<br /><br />Council’s pension fund: “Can we build ten thousand new homes in the abandoned factory district, rent them out at market rate, and return the income directly to you when you retire?”<br />Council: “Of course! You can build anything you like, anywhere; we’ll even move our best-behaved tenants into the new homes, so that our investment is safer.”"<br /><br />Strawman may have a point on that one.Randomhttps://www.blogger.com/profile/04445772572707818311noreply@blogger.com