These are not actually property taxes. Stamp duty is like VAT, it’s a transaction tax and its rate is very low. You don’t pay stamp duty while owning a property. Council tax is a weird abomination and while it is linked to property value in theory, in practice you’ll pay the same amount if you live in a £1m house or £50m mansion. Business rates are for business, and property owners don’t pay them, only those who rent.
There are no property taxes in the UK. The current government is thinking about land tax, but we’ll see if it ever comes to fruition.
Compared to the Republican Shitshow destroying the economy anyways and the infinitely stacking Billionnaire wealth hack it sounds like a dream come true.
The Chinese would figure out a way to get their stock market fix, the USA ended up loaning their gains from the transactions to struggling countries anyways so China divesting in the USA would just cut out the middleman.
You can’t tax wealth. Wealth is not money.
We tax things that aren’t money all the time, see property taxes.
I have no clue who are “we” in your case, but we don’t tax property.
https://thenegotiator.co.uk/news/uk-housing-market-news/analysis-uk-has-worlds-highest-property-taxes/
These are not actually property taxes. Stamp duty is like VAT, it’s a transaction tax and its rate is very low. You don’t pay stamp duty while owning a property. Council tax is a weird abomination and while it is linked to property value in theory, in practice you’ll pay the same amount if you live in a £1m house or £50m mansion. Business rates are for business, and property owners don’t pay them, only those who rent.
There are no property taxes in the UK. The current government is thinking about land tax, but we’ll see if it ever comes to fruition.
It was on the Kamala Harris campaign website that she supported an unrealized gains tax for amounts over $1 Million USD.
Conservatives were freaking out that it might “destroy the economy which relies on foreign investors to prop up the value of USD” lmao.
Everyone should freak out, because it’s an utter lunacy.
Compared to the Republican Shitshow destroying the economy anyways and the infinitely stacking Billionnaire wealth hack it sounds like a dream come true.
The Chinese would figure out a way to get their stock market fix, the USA ended up loaning their gains from the transactions to struggling countries anyways so China divesting in the USA would just cut out the middleman.