Mansions don’t fall from the sky, they are built. To build a mansion you have to spend money. If you don’t spend your money on a mansion, you can use it for something else, like school uniforms.
Yes you can, it’s called tax, and it splits off a fraction of your assets when paid.
No idea why OP was focussing on mansions, but a property tax would sort that problem. Stick a £2m threshold on it so it only hits the filthy rich. Before you whine about asset rich cash poor; dont care sell it if you can’t pay. People are dying.
Lol. Yes you can. What’s more the absolute best wealth to tax is land/ real estate because it’s really effing hard to hide, and can’t be shifted overseas.
You can destroy its value by physically removing the building but the bulk of the value is always in the land, the building itself depreciates.
Again. The mansions don’t fall from the sky, they are built. Not every mansion has already been built. Why are you acting like people only buy pre-existing mansions?
You didn’t give any specific example. You just keep repeating “but the mansions are already built”, while mansions are being built right this second. If you want to introduce a specific scenario, you can’t just expect the other person to read your mind, you have to do it.
We need more wealth taxes, increased public spending, and wage increases for the public sector and the lowest paid jobs. And we really need to be putting serious effort into introducing some kind of universal income. That’s how you share wealth.
Groan. Western countries have at times used taxes on wealth to enable massive infrastructure development. Straight after WW1 and WW2 almost all Western countries introduced “profit” taxes of 80-90% and increased taxes on the wealthy. It was the only way the UK, for instance, could rebuild after the war and why we have an NHS and used to have a great welfare state.
I don’t actually believe we should tax the excessively wealthy. I think we should take what they’ve stolen over the centuries back into common democratic ownership.
Removed by mod
Mansions don’t fall from the sky, they are built. To build a mansion you have to spend money. If you don’t spend your money on a mansion, you can use it for something else, like school uniforms.
Amazing this is too hard a concept for some to reach by themselves.
Removed by mod
When do you think the last mansion was built?
Removed by mod
Yes you can, it’s called tax, and it splits off a fraction of your assets when paid.
No idea why OP was focussing on mansions, but a property tax would sort that problem. Stick a £2m threshold on it so it only hits the filthy rich. Before you whine about asset rich cash poor; dont care sell it if you can’t pay. People are dying.
Removed by mod
Lol. Yes you can. What’s more the absolute best wealth to tax is land/ real estate because it’s really effing hard to hide, and can’t be shifted overseas.
You can destroy its value by physically removing the building but the bulk of the value is always in the land, the building itself depreciates.
Removed by mod
Again. The mansions don’t fall from the sky, they are built. Not every mansion has already been built. Why are you acting like people only buy pre-existing mansions?
Removed by mod
You didn’t give any specific example. You just keep repeating “but the mansions are already built”, while mansions are being built right this second. If you want to introduce a specific scenario, you can’t just expect the other person to read your mind, you have to do it.
Removed by mod
We need more wealth taxes, increased public spending, and wage increases for the public sector and the lowest paid jobs. And we really need to be putting serious effort into introducing some kind of universal income. That’s how you share wealth.
Removed by mod
Wut?
I mean I can’t, you’re right, but the government and HMRC can. If the government actually wanted to.
Removed by mod
Groan. Western countries have at times used taxes on wealth to enable massive infrastructure development. Straight after WW1 and WW2 almost all Western countries introduced “profit” taxes of 80-90% and increased taxes on the wealthy. It was the only way the UK, for instance, could rebuild after the war and why we have an NHS and used to have a great welfare state.
I don’t actually believe we should tax the excessively wealthy. I think we should take what they’ve stolen over the centuries back into common democratic ownership.
Removed by mod