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graemeptoday at 4:29 PM1 replyview on HN

I largely agree, expect I think my expectations were lower than yours to start with. The ruling class all think alike regardless of party.

They have pushed ahead with the Tories Online Safety Act. Legislation I have looked at or that affect things I know about such as the Children's Wellbeing and Schools Act is terrible.

There is a lot of smoke and mirrors. For example, if you assume the justification for the "mansion tax" is that people who own higher value properties should be taxed more, why does someone with a £50m house not pay more than someone with a £5m house? Its designed to hit the moderately wealthy but not the really rich.


Replies

teamonkeytoday at 7:05 PM

Although I agree it should be proportional to value, a £5M property puts you in the top 1% of property prices in the country. Even within London, it’s also within the top 1% of all but the most expensive boroughs. The average home property sale in the UK is less than £275,000.

A tax on a £5M home is not a tax on the moderately wealthy, it’s a tax on the wealthy.