George Monbiot writing yesterday about the distorted property market concluded:
Why should capital gains tax not apply to first homes, when they are the country’s primary source of unearned income? Why should council tax banding ensure that the owners of cheap houses are charged at a far greater relative rate than the owners of expensive houses? Why should Rinat Akhmetov pay less council tax for his £136m flat in London than the owners of a £200,000 house in Blackburn? Why should second, third and fourth homes not be charged punitive rates of council tax, rather than qualifying, in many boroughs, for discounts?
The answer, of course, is power: the power of those who benefit from the iniquities of our property market.
The Guardian 2 June 2014: The only way to fairness in housing is to tax property
Oh, please, let’s get a bit deeper than blaming all the above on “power”. We need to examine why those “who benefit from the iniquities of our property market” seem to have such a hold over our parliament.