For generations, governments have taxed almost everything that makes the country more prosperous. They tax people for working. They tax businesses for employing them. They tax trade, investment, construction, improvements, savings and inheritance. Then, when the economy struggles under the weight of all this taxation, they propose another tax. Increasingly, the political class is looking towards the family home as its next dependable source of revenue. Let us put that into plain English: They are coming after your home—not necessarily to take away your keys, but to turn the continued ownership of your home into a permanent compulsory tax liability. That is not tax reform. It is tax accumulation. The property-tax trap There is a growing fashion for replacing council tax, stamp duty or other charges with a supposedly more rational tax based on property or land values. Some proposals may remove one existing tax, but many simply place a new annual charge alongside all the taxes people alre...
North Stoke Life
A journalists sightings from a hamlet in Oxfordshire, England. Placing forbidden knowledge under proper scrutiny