3 ms·

This is why at the very least the triple lock pension needs to go as soon as possible.

• iso1210 6y ago
  Not all over 65s have lots of wealth. Those relying on the state pension, especially in council houses, have very little money. Now sure, when you have a situation where income drops 20% one year then increases 20% the year after, pensions shouldn't go +2%, +20%, but as a whole Far better would be a windfall tax on the immense unearned wealth that many have had over the last 20 years, combined with a land value tax to correct housing costs and transfer planning gain away from the wealthy to the public. Why is it that the duke of westminster, who owns 200ha of Mayfair (valued about £20b), pays nothing. A 1% LVT would cost a farmer with a 100 acre prime dairy farm in Cheshire £10k a year (less than tax paid to workers), a typical houseowner in London suburbs would pay £5k a year, not much more than council tax - and far less than house price inflation, and Grovesnor would pay £200m a year.