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by zimablue
2823 days ago
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My manifesto, roughly. I've never heard of this suggestion as inflation as a remedy, but that seems a bit like chemo, quite a wide-ranging medication: 1. Replace stamp duty with a progressive wealth tax (this is the hardest one politically I think. Really you'd need coordination with other EU states, this is discussed in Capital by Picketty)
2. Light rent controls (just can't be raised by more than X% over 1 year 2 years, to prevent people getting spiked)
3. Expand renter protection - whatever the agency there currently is we triple it in size and give it teeth
4. Include all houses in capital gains, at the same rates or higher than you'd get on stocks. I guess you have a rolling exemption so that people aren't totally blindsided. This would hopefully be counterbalanced by removing stamp duty.
5. Specific tax pn land banking by builders
6. A small land value tax
7. No school catchment areas, open application and decision by ballot.
8. There have to be more details on how we change the rules about who can build what where. It's very heavily regulated (down to minimum sizes of bedrooms, amount of space for leisure etc). I dunno if the point is to remove the regulations, more like shine more light on them and maybe reconsider some of them and add others. For example, I've spent 10 years in London in rooms that were below the minimum room size allowed for new developments and so have most people that I know, so that one should be removed. |
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