Monday, January 16, 2006

Pensioner Property tycoons

If property owned by pensioners has topped the £1 trillion mark for the first time after values rose by nearly £50 billion in 2005, how will Gordon Brown raid it?

Should Council tax become a wealth tax on property values to encourage pensioners to move to smaller homes?

Even if Gordon does nothing, he can console himself that more English pensioners can afford to pay for more of their own nursing care fees unlike their Scottish equivalents.

2 comments:

HSBguzzler said...

'Should Council tax become a wealth tax on property values to encourage pensioners to move to smaller homes?'
No! We are no wealthier, whatever the value of our house as we still need to live someone.
Why should someone be forced to live in a smaller house when they have already paid for their decent sized house?
A tax on a neccessity such as home is not much different from a tax on breathing.

Snafu said...

HSBguzzler, why should working people with little wealth be expected to subsidise pensioners with higher levels of wealth yet on lower incomes?

Would the current housing price bubbled be relieved by encouraging older people to trade down their properties freeing up third and fourth bedrooms for younger families!?!

The best taxes are those that tax the necessities of life as everyone pays them one way or another. Taxes on income, fuel, beer and wine being classic examples!