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If they come and live in 10M house it's 300k/year right there if you tax properties/land (you can use progressive rate so it's higher on most valuable propertie
by bluecalm 1y ago
If they come and live in 10M house it's 300k/year right there if you tax properties/land (you can use progressive rate so it's higher on most valuable properties). Add consumption taxes and every rich Chinese/Arab kid is sponsoring welfare for few dozens people per year.
- hermitcrab 1y agoThe yearly council tax of a £10M house in central London is the same as a £320K house: https://www.westminster.gov.uk/council-tax/council-tax-bands-and-charges https://www.westminster.gov.uk/council-tax/council-tax-bands... So where did you get £300K/year from? Or are you saying that is what it should be?
- bluecalm 1y agoYes, I am saying tax land/real estate instead of complaining rich people want to live in it.