Wednesday, September 23, 2009

Mansion Tax

The Lib Dem 'Mansion Tax' policy could hardly have been presented more ineptly. The person who announced it hadn't told his colleagues about it, and wasn't able to answer simple questions about how it would actually work.

Furthermore, as with any policy which attempts to get rich people to pay more tax, there was a lot of very hostile coverage by the rich people who own and write in newspapers.

And yet for all that, I am willing to bet that if an opinion pollster asked people "Do you support or oppose a 'Mansion Tax' on homes worth over £1 million?" then a majority would support it, and if you asked "Do you think the government should introduce a new tax on homes worth over £1 million to pay for income tax cuts for lower and middle earners?" then an even bigger majority would support it.

Maybe one of those newspapers which has been telling us what an electoral disaster the policy would be will commission a poll and we could find out.


At 12:16 am , Anonymous thepoliteer said...

Agreed on both points. The presentation of the policy was incredibly poor as was not only the print media reaction but also TV coverage - Andrew Neil has been a dullard on the subject all week.

As regards the actual policy implications, it remains to be seen how it will be realistically calculated in practice, but the marginal sums to be taxed are so minimal that:

1) I don't see what the fuss is all about really, and;
2) The majority of people (who won't pay the tax anyway) will be quite happy to see the 'rich' pay... Lib Dem 'poll tax'? I don't think so. I can't see a popular revolt outside of Richmond upon Thames.

At 8:32 pm , Blogger Quietzapple said...

It was bizarre, however, that Osborne's mal-presentation of his proposal to up the lower limit on Death Duties (IHT) was so well received, was it not?

Perhaps we need to say "bankers" more often when redistributive measures are being proposed?


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