The Nice Home Tax

To continue a theme that seems to be ignored by many, the Gorse Fox notes the article in the Mail on Sunday. You see, the Gorvernment has continued to play down the effect of the current survey they are conducting, re-valuing 21 million homes. Not a murmur of complaint is being raised (except in Northern Ireland), and not a breath of opposition is being heard in Parliament.
The American company that designs this system, however, has admitted that their analysis nearly always shows property to be undervalued, "normally in excess of 50%... but in some cases by as much as 100%".

Finally the Tories have commented that the computer firm's warning of a llarge hike in bills is "staggering". Ooooh, that's pretty stiff opposition!

Now the Government is saying that the computer firm will have no role in determining that taxation... and for once the Gorse Fox believes them. However, the data they provide will be used by these Government parasites (remember they do not create wealth, they live off the wealth of others) to steal even more money from householders. Based on the Northern Ireland experience you can expect to pay £650 per year for every £100,000 your house is worth... (the best part is that would mean a £22,000 annual bill for Tony Blair on his Connaught Square property).
Let us remind ourselves, for one moment:

• you go to work and earn money
• that money is taxed
• you save some of what is left for a deposit on a house
• that saving is taxed
• you put down the deposit and take out a mortgage and buy a property
• you pay tax (stamp duty)
• you pay your mortgage out of you taxed income
• you pay council tax for local resources
• you decide to improve your house so you spend some taxed income on improvements
• you pay tax on the materials
• you pay tax on the labour you employ
• you are going to pay even more tax for doing it.

This government's politics of envy is trying to reduce everyone to serfdom. Would it be more efficient for us to give the Government everything we earn, and claim some allowance for daring to exist?

[File under: Tax]