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Should HPI be taxed as Capital Gains
Comments
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Yes, because those are the only two alternatives. Keep current property taxes or end up in a gulag.
I guess it makes a nice change from Godwin's law, it's the Reds instead of the Nazis.
I was going to make this point a day or so ago when Stevei J achieved Godwin status on another thread.
Some blind right wing capitalists on here see anything other than "free"market zero, state interference, and limitless tax avoidance as the utopian dream and the answer to all our problems.
Once any hint of efficient controlled planning and or intervention by democratically elected governments is suggested the communist flag starts being waved at you.
Perhaps a LARK award."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Once any hint of efficient controlled planning
Does this seriously sound like 'efficient controlled planning' or just another crackpot scheme to try to make good a series of idiotic housing policies made by Governments of all hues for generations in the UK?
Come on, you can surely see past this. It's idiotic. Just let people build houses. What's the point in doing anything else?0 -
Try reading The Road to Serfdom. A very interesting book on why all socialism leads, ultimately, to the Gulag and the Concentration camp written by a man who saw the lead up to WW2 at close quarters.
All attempts to set prices by diktat fail eventually. There are 2 possible reactions to that failure: accept it and give up (e.g. the UK's disastrous attempts to fix exchange rates since the end of WW1) or keep imposing more and more oppressive measures to keep prices where you want them to be.
Why not just build more houses? Let people build and they will. The market will provide to those with money. The only argument than is what to do about those who are unwilling or unable to earn money.
I don't see how changing a tax regime from one that penalises you as you buy, to one that penalises you as you sell has any communist undertones?
The only difference is that the former takes money off you whether you have it or not, the other only takes it off you if you've made a decent profit. If anything, the former is more communistic where everyone pays the same (within a very few bandings).0 -
I don't see how changing a tax regime from one that penalises you as you buy, to one that penalises you as you sell has any communist undertones?
The only difference is that the former takes money off you whether you have it or not, the other only takes it off you if you've made a decent profit. If anything, the former is more communistic where everyone pays the same (within a very few bandings).
Don't get me wrong, I also think that Stamp Duty is a terrible tax too. That doesn't make a CGT good of course.
Why are you so against the idea of letting people build houses to address the problem of too few houses? It seems very odd and something you've not addressed.0 -
Does this seriously sound like 'efficient controlled planning' or just another crackpot scheme to try to make good a series of idiotic housing policies made by Governments of all hues for generations in the UK?
Come on, you can surely see past this. It's idiotic. Just let people build houses. What's the point in doing anything else?
I wasn't really commenting on the scheme raised in the thread rather contributors attitudes.
If we aren't capable of reducing demand then we do need more supply. There is more than one way of achieving that supply."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Why are you so against the idea of letting people build houses to address the problem of too few houses? It seems very odd and something you've not addressed.
I've not said any such thing and to be honest, I don't see how having taxation on HPI has anything to do with relaxing planning laws? It sounds a bit 'strawman-ish' to be linking the two?
However, I did mention that I felt that it would be better if property taxes were used to help build more property, in the same way I would like other forms of taxation to be ploughed back where they were raised (I mentioned vehicle and fuel duty being used to maintain roads and transport links).0 -
Try reading The Road to Serfdom. A very interesting book on why all socialism leads, ultimately, to the Gulag and the Concentration camp written by a man who saw the lead up to WW2 at close quarters.
Free here.
http://www.iea.org.uk/sites/default/files/publications/files/upldbook351pdf.pdf0 -
I've not said any such thing and to be honest, I don't see how having taxation on HPI has anything to do with relaxing planning laws? It sounds a bit 'strawman-ish' to be linking the two?
However, I did mention that I felt that it would be better if property taxes were used to help build more property, in the same way I would like other forms of taxation to be ploughed back where they were raised (I mentioned vehicle and fuel duty being used to maintain roads and transport links).
So why is it better to use money extracted under threat of imprisonment from anyone who sells a house to build houses than to use money given up freely by people who want a house?0 -
So why is it better to use money extracted under threat of imprisonment from anyone who sells a house to build houses than to use money given up freely by people who want a house?
Is any taxation freely given.
For the vast majority they simply have no choice.
Many don't think they should pay the full comitment and seek to passionately avoid it at any cost."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
So why is it better to use money extracted under threat of imprisonment from anyone who sells a house to build houses than to use money given up freely by people who want a house?
I'm sure that stamp duty is freely given, indeed I heard that most people pay extra because they are so overjoyed at the thought of paying it. Some even put it onto their mortgage balance so they have the pleasure of paying it over a 25 year period. Stamp duty, the tax that keeps on giving.
I also believe that if you refused to pay stamp duty, the taxman would just let you off, shaking their heads and wondering why you wouldn't want to give up this money freely.0
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