Also baffled by the idea it would gum up the property market. Housing gets all sorts of subsidies (IHT, CGT, perverse CT bands and discounts, even UC savings thresholds), which makes it incredibly at… (View Post)

So not particularly rational at all? ;) You're right, but I think it can be overstated to an extent. Simple habit, path dependency, sunk cost fallacies, information assymetry etc etc are all ver… (View Post)

A property tax would be very simple to set up (and far simpler than council tax). It's a LVT that would be tricky, and that why I lean towards the former, even if the latter is better in princip… (View Post)

Well, I'm sure you'd agree then that taxing the stock of wealth is far more desirible than the accumulation of it? My marginal rate of tax is 56% - that is preventing me build up the wealth… (View Post)

Is a poor financial planning/bad luck tax, with a perverse subsidy for property. (View Post)