Ending inequality in UK

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Gal:

How would LVT work?

Let's assume that next week, it is agreed that LVT will be implemented. At the moment, everyone has a house "worth" whatever someone else is willing to pay for it.

How would the transition be made?

LVT is calculated on the maxiumum rental value of the land in its best use.

LVT would be used to scrap other taxes, you cannot hide or offshore land.

Council tax is strange - it is based on the value of house rated in the past but its paid by the occupier and not necessarily the land owner.

You would need to work out a formula and then apply it with adjustments- at what rate you will ask - well that app depends on how many other taxes you want to get rid of.

LVT will hurt rich landowners more and for most it will be either neutral or in their favour because most people are not big land owners!

It encourages land owners to use their land or sell it to someone who can use it better rather than land banking.

We still have an archaic tax system that taxes income and consumption more than wealth and land.
 
We trashed that one a few months back didn't we?, he gets crucified in the comments section, and quite rightly so, fake news.

No you didn't lol. You make up BS like Doris.

Dirty blue socialist.

Fake news - you read the DM and believe that liar Boris.
 
Much is said about inequality, how the poor suffer because of it etc etc. if there was a peoples revolution and an equal share out of all the wealth in the UK, does anyone know (roughly) the amount each family would be worth ? I have no idea, just pondering.

Ask the French. They have a great quality of life now, since beheading the aristocracy.

Our aristocracy still Rule Britannia.....

In answer to your question, i think the gdp is still the answer, which is about
40158.00 USD, which is about £33,000.

That's more than i earn. To think that everyone could earn that if we weren't ruled by selfish toffs.
 
One bit of land and twenty families on it all using the councils services. ( a block of flats )

One bit of land ( same size ) and only one family on it using the councils services.
 
As you say, Bernard, the Duke of Westminster should pay the same amount of tax that you do.

And vice-versa.
 
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