Ed Miliband’s speech to the Labour Party conference earlier this week proposed an increase in spending on the NHS to be funded in part by a Mansion Tax. This has sparked the debate about the whys and wherefores of property taxes back into life. Taxing property a topic guaranteed to send the commentariat into a frenzy. It is a topic I’ve touched on before. Property taxes can be seen as a potential solution to a range of different problems, while others seem to see them as the start of a slippery slope to the demise of capitalism.
I sent a letter on the topic to the Evening Standard yesterday. This is what I wrote: [Read more...]