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For the last 5 years we've had a 300k houses a year target. We're over half a million short on that number. Stamp duty is terrible, it stops movement. Replacin
by ta1243 3y ago
For the last 5 years we've had a 300k houses a year target. We're over half a million short on that number.
Stamp duty is terrible, it stops movement. Replacing with increased property tax (say at 1/10th of stamp duty per year) would be far more sensible. Or we could just tax the land -- good look offshoring that.