Leftist economic ideas are based on the worst human emotions, the UK edition

[Admiral Yi]

The welfare state is the only thing keeping you alive & out of trenches.

Ooh, tough guy.

[derspiess]

[Sheilbh]

I would be in favor of supermajority requirements for any fiscal legislation that is not strictly proportional; i.e. an increase in the progressivity of the existing income tax rates.

I don't support them ever.

Also lots and lots of people don't vote in accordance with their economic self-interest. In fact I think if you were to weigh it up cultural values matter far, far more.

[Razgovory]

I would be in favor of supermajority requirements for any fiscal legislation that is not strictly proportional; i.e. an increase in the progressivity of the existing income tax rates.

Big surprise!

[Admiral Yi]

Big surprise!

So is this!

[MadImmortalMan]

I doubt there are many poor people living in £2m houses.

Depends. Is it a farm?

[Tamas]

The welfare state is the only thing keeping you alive & out of trenches.

What keeps us out of trenches, in fact, are nuclear weapons.

[Martinus]

What is the worst of the human emotions?

Oh you said "emotions"...

[DGuller]

The welfare state is the only thing keeping you alive & out of trenches.

What keeps us out of trenches, in fact, are nuclear weapons.

And tanks.

[Razgovory]

Big surprise!

So is this!

Heh.  A year or so I suggested that Libertarians aren't really so keen on democracy.  You called bullshit.  I think this proves my point.

[MadImmortalMan]

Sometimes democracy does in fact suck. Like when the southerners all voted for segregation. Popular opinion isn't all it's cracked up to be.

[Razgovory]

Sometimes democracy does in fact suck. Like when the southerners all voted for segregation. Popular opinion isn't all it's cracked up to be.

I think the fact they used terror and disenfranchisement to create segregation sort of weakens the argument that it was flaw in Democracy.

[Admiral Yi]

The current property taxes are regressive, I would prefer to see them replaced with a pro rata tax on the value of real estate. This would also raise far more money than the token "mansion tax" nonsense.

The residential property tax in the UK is known as the Council Tax. The highest band of house worth millions pays only 3x what someone living in a one-room hovel would pay.

http://en.wikipedia.org/wiki/Council_Tax#Current_bands

What does the denominator represent in that table Tricky?  I can't be fannied to read the whole freakin article.

[viper37]

So, the Labour Party wants to finance the NHS by putting extra tax on expensive homes.

This is one of those populist BS stuff that pisses me off. Those houses were bought from taxed incomes. So why should they be able to go around discriminating people for the kind of houses they bought?

You're better off taxing property and sales than income.
Income tax can be dodged. Even some part of the sales tax can be avoided.  But you buy a house with dirty money, they will always get you there, unless you decide to really live permantly in the Virgin Island of the Isle of Man.  But then you'd have to pay sales tax on your hotel room for when you are in the UK...

[viper37]

The welfare state is the only thing keeping you alive & out of trenches.

What keeps us out of trenches, in fact, are nuclear weapons.

And tanks.

airplanes, most likely.