The following was my comment to an article on Alistair Darling's planned 40 Billion Pound spending cuts in yesterday's Sunday Times, linked here :
Martin Cole wrote:
The other side of cuts to get to the 131 billion this week admitted as having been incurred in the bank bailout (with the likely impact 850 billion) are taxes.
A few minutes contemplating what can be taxed to supply these kind of sums will bring you inevitably to the only area where the excess money supply ended up - the housing market.
Whichever party forms the next government, the logical move will be a five year sliding property tax beginning at 5 per cent perhaps declining to one per cent over the five year parliament. All homes included.
The alternative, UK sovereign debt default and national bankruptcy. OR perhaps withdrawing from the EU, a more logical and equally effective cost saving measure which might by then be seen as preferable.
A few minutes contemplating what can be taxed to supply these kind of sums will bring you inevitably to the only area where the excess money supply ended up - the housing market.
Whichever party forms the next government, the logical move will be a five year sliding property tax beginning at 5 per cent perhaps declining to one per cent over the five year parliament. All homes included.
The alternative, UK sovereign debt default and national bankruptcy. OR perhaps withdrawing from the EU, a more logical and equally effective cost saving measure which might by then be seen as preferable.
December 6, 2009 6:40 AM GMT on community.timesonline.co.uk
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A tax such as this could be called the "Brown Levy"as it is a direct necessity following from his arrogance, negligence and incompetence ...... or was it all deliberate to destroy England?
The Conservative Party under Cameron states it will not contemplate EU withdrawal, more on that on Ironies Too, linked here. So how will the Conservative Party carry on paying the EU billions and billions of pounds every year while also incurring billions and billions of industrial costs and penalties from its absurd over-regulation and meet the banking debt costs incurred by Brown, already at 131 billion and likely to grow to 850 billion perhaps during the next Parliament?
Vote for a party offering an "in or out"referendum on the EU such as UKIP or the English Democrats.
