Debate Magazine

Killer Arguments Against LVT, Not (468)

Posted on the 21 August 2019 by Markwadsworth @Mark_Wadsworth

From The Sun:
LABOUR are plotting a “punitive” tax raid on Middle England that would add nearly £400 to the average council tax bill.
Tory Ministers leapt on incendiary Venezuelan-style proposals* for a blistering new levy based on the value of everybody’s home...

Strange.
It would be more accurate to point out that the proposed system would be very similar to Domestic Rates in Northern Ireland, only without the £400,000 cap, which makes it closer to residential property taxes in the USA (where the rates are usually much higher than the 0.7% proposed here and which is the base rate in Northern Ireland, plus local precepts, so in some areas it's 0.8% or 0.9%).
The highlight is the first comment:
BewareRedFlag: Its OK for multi millionaire politicians like corbyn [sic] he can afford it. Progressive taxation robs those on median incomes and below of their disposal [sic] income. Labour lied about brexit, they lie and will hammer the working class for tax, forget the £80k tax threshold they want to double foreign aid how dies [sic] that benefit you?
Commenter clearly doesn't understand what "progressive" means. Corbyn would end up paying about £7,000 a year or something. Bill for median home in the UK would be £1,400.


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