Should billionaires and multinationals pay fair tax?

[JohnD]

Wrong. But you know this.

I'm slightly surprised that you pretend not to know how prices work.

I would be much more surprised if it was true.

 

[Notch7]

Far from a stupid question. If the seller wants to do the principled thing, they'd surely sell to the young couple, no?

Do you know anyone who thinks it's disgusting, absolutely disgusting, that top footballers can earn hundreds of thousands a week?

Let's say one of them has a young son who's great at football. x years later the son is offered a pro contract earning him hundreds of thousands per week.

Does the dad advise his son to accept the contract on the proviso the salary is cut by 75% to a level that is morally correct and principled?

We are FULL of double standards in life, usually linked to whether or not we're directly affected by something.

Let me ask you these 2 questions:

1) do you think there is a problem in this country given U.K. has far higher levels of wealth inequality than most other similar economies

2) Do you think there is a problem in this country in 2024 because there are far more people on low and middle incomes who can no afford a decent standard of living compared to 70s 80s 90s 00s

 

[JohnD]

People make me laugh when they bleat on about housing and the value of property, primarily the fact that values increase, sometimes exponentially.

What do these people actually want to happen? We either have a free market approach to property or we don't.

If we had a free market in housing, we would build as many homes as people wanted.

The people who already live in Nicevillage would not be able to prevent the building of a thousand new homes.

This would not be liked by the prosperous older tory voters who already have a home in Nicevillage, and theyare terrified that the cash value of their investment asset would drop. The utility value of their home, however, would continue to be just as roomy, just as well decorated, just as comfortable. This is the difference between a house that is a home, and a house that is an investment.

The less prosperous younger incomers would like it, because they would be able to afford a home.

The landlords would not like it because ready availability of new homes would reduce the rents they could charge (Motorbiking denies this because he pretends not to know how prices work) and therefore the return on their investment.

 

[diy_fun_uk]

This is the difference between a house that is a home, and a house that is an investment.

A house can be both, however the lefty socialists don't like the latter ... unless they find themselves benefitting at some point that is

 

[diy_fun_uk]

I'm really sorry to hear about the passing of your parents.
Thanks.
So you want to put their house up for sale?
Yes.
They've lived there for decades is that right?
Yes. Apparently mum and dad bought it for £10k.
What has it been valued at?
I've been advised it could achieve £550k.
Ok, so what are you thinking then? We could put it on at £525k and hope for a quick sale?
Nah. The place was bought and paid for years back and I'm doing ok myself from a financial pov. Put it on at £105k with a stipulation it must be sold to a local who's earning no more than the average UK salary.

 

[JohnD]

A house can be both

You can easily tell the difference.

A house is just as good as a home, no matter if the price goes up, down, or stays unchanged.

Asset price inflation does the country no good, and has set old houseowners against young homebuyers.

The country needs homes.

 

[JohnD]

It's good to see that diy fun has nothing to say in support of price inflation, but comments on the fact that it exists.

 

[diy_fun_uk]

The landlords would not like it because ready availability of new homes would reduce the rents they could charge (Motorbiking denies this because he pretends not to know how prices work) and therefore the return on their investment.

The landlord-tenant business model has been in place since the 16th century.
Believe it or not, some people prefer to rent from the private rental sector e.g. it maybe suits their lifestyle better.
43% of landlords own 1 property, 39% 2-4 and 18% 5+. So the high majority aren't raking it in.
It's a business, not a charity.
Assuming a landlord is registered and doing everything above board, the state of play is (in Scotland) heavily slanted in favour of tenants, with England slowly becoming the same. I would have thought parity was fairer, apparently not.
Rents have not increased exponentially everywhere.
If the private rental sector was banned altogether, as the lefty unwashed would like to see, what do people do that want or need to rent?

 

[motorbiking]

Like Europe maybe?

Last I checked we were in Europe…. Let me check again…. Yep still in Europe

 

[diy_fun_uk]

You can easily tell the difference.

A house is just as good as a home, no matter if the price goes up, down, or stays unchanged.

Asset price inflation does the country no good, and has set old houseowners against young homebuyers.

The country needs homes.

Waffle, complete waffle.

 

[motorbiking]

I'm slightly surprised that you pretend not to know how prices work.

I would be much more surprised if it was true.

I’m not very surprised that you have no idea about many things.

 

[Diver Fred]

What has it been valued at?
I've been advised it could achieve £550k.
Ok, so what are you thinking then? We could put it on at £525k and hope for a quick sale?
Nah. The place was bought and paid for years back and I'm doing ok myself from a financial pov. Put it on at £105k with a stipulation it must be sold to a local who's earning no more than the average UK salary.

Mate did something similar. Was going to put a house he owned which had just become empty at the agents valuation; tried to be helpful to a couple of local kids so heavily discounted the property for them. They said they wanted to stay in the village and were planning their future around that. Mate also spent money cleaning, decorating and replaced a carpet. He knocked 30% off the agents price.

3 Months later they put the house back on the market above the valuation mates agent had valued it and sold it in days. They have gone to live in a town and he feels cheated and really let down - even more so as the Tax Man is questioning why he sold below market value.

 

[motorbiking]

Waffle, complete waffle.

Worse he actually believes it.

If it were true we’d all buy boats and live on them.

A boat worth £500k that you can live on is surely no different to a house worth £500k. Except in 10 years one will be worth £100k and the other £700k.

But it’s irrelevant according to leftinonics

 

[denso13]

I'm really sorry to hear about the passing of your parents.
Thanks.
So you want to put their house up for sale?
Yes.
They've lived there for decades is that right?
Yes. Apparently mum and dad bought it for £10k.
What has it been valued at?
I've been advised it could achieve £550k.
Ok, so what are you thinking then? We could put it on at £525k and hope for a quick sale?
Nah. The place was bought and paid for years back and I'm doing ok myself from a financial pov. Put it on at £105k with a stipulation it must be sold to a local who's earning no more than the average UK salary.

Why are you coming up with stupid scenarios that are not based in reality.

Who on earth is suggesting anything like your post?

 

[JohnD]

If the private rental sector was banned altogether, as the lefty unwashed would like to see, what do people do that want or need to rent?

I don't know any of these people you mention. If you ever meet one, ask him or her.