Inequalities

I sound more and more like a socialist today. But you know somethings are just not right!

First, why not a Financial Tax? A tax of just 0.01% (yes 0.01%) would raise £25bn and pay down our debts. financial transactions, or gambling some would call it, are running at £250-300tn (trillion!) today. Business with non restraints and no taxation, good for bankers, bad for the rest of us.

Second, a Land Tax would have multiple, good effects. A property in central London costing a huge £135m pays the same council tax as another costing £250k, that's not right. Roads and streets are made, and services provided while land owners pay nothing, and sell off land a huge prices once planning permission has been given. 30-50% of a house price is the cost of land! No land tax means huge profits from grabbing land/hoarding and pushing for planning permission, it give pure profit with no tax.

Both these issues should be at the front of today's political debate and action. We must grab back money from rich hoarders and profiteers, money to go back into our pockets. Then we can save, then we can spend, then we can contribute taxes and reverse the downward spiral of negative growth and despair.