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by gambiting
2643 days ago
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I never saw an issue with this. Council tax pays for things like garbage collection, local services and street cleaning. Unless those things are disproportionately more expensive for expensive houses(and I strongly suspect they aren't), why would they pay more? Like someone else already noticed - when you buy a house for say £20m, you will pay about £3 million in stamp duty, which is insane already. Owners of expensive housing already pay a tonne in that tax for the privilege of owning it. |
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Because we live in a society and those with the most expensive houses have likely derived the most benefit from that. Just like anything else, the price of civilization is about the value it provides, not about what it cost to produce.
> Like someone else already noticed - when you buy a house for say £20m, you will pay about £3 million in stamp duty, which is insane already. Owners of expensive housing already pay a tonne in that tax for the privilege of owning it.
Stamp duty is a terrible mechanism: it mainly just discourages people from moving, which then means it doesn't even raise that much revenue.