First Myleene Klass, now Bill Oddie:
Guido hates to break it to Bill that his new preferred party are no friend of mansion owners either. In addition to their “wealth tax“ on people worth over £3 million, and their so-called “backdoor mansion tax“ whacking up rates for wealthier home-owners, the Greens also propose a draconian Land Value Tax. This is from their website:
“Land, the primary source of all real wealth, is the common heritage. We acknowledge that land is held in trust by human society on behalf of other species and future generations, and that land should not be treated as a capital investment nor traded for speculative profit. We therefore assert the principle that no person and no body should have absolute control of land, but only particular rights over the use of it.
The Green Party proposes introducing LVT as a tax payable on the annual value of land… The level at which the tax would be levied would be based on the full value of the current permitted use of the land… Where a property rockets in value, LVT would seek to tax that windfall increase in property value to be re-invested back into the community.”
What’s a mansion owning North Londoner to do?