Shakone
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BBmac, so if your suggested policies came in, then nobody will want to have a second home. So they will all sell or gift to a relative. What do you think about the result of this, and the effect it will have on the buy to let crowd, some of whom will now go bankrupt or be out of a job? What about the many people who have purchased only one house, and would then be stuck in negative equity because house prices have plummeted? Does any of this fit in with your sense of fairness? How many people will be out of a job because of this policy? These are just the obvious consequences. The non-obvious may be even more devastating.
I don't think it's fair that the wealth be evenly distributed amongst the total population. Why should it? That would only make sense if everyone contributed equally, worked equally hard and to the same standard, is equally intelligent/creative/productive etc. That cannot ever be the case, therefore it should not ever be the case that wealth is distributed evenly, as you admit. 20% of the people have 80% of the wealth seems quite natural, as 20% of the people contribute 80% of the effect in many fields.
I do support you in the idea of getting rid of second homes, or getting rid of buying to let, but you can't just make such a dramatic switch. Presumably you would phase this in over many years, right? As for building 5 million homes, this too has quite a few consequences...of course there are consequences to not doing it as well...
I don't think it's fair that the wealth be evenly distributed amongst the total population. Why should it? That would only make sense if everyone contributed equally, worked equally hard and to the same standard, is equally intelligent/creative/productive etc. That cannot ever be the case, therefore it should not ever be the case that wealth is distributed evenly, as you admit. 20% of the people have 80% of the wealth seems quite natural, as 20% of the people contribute 80% of the effect in many fields.
I do support you in the idea of getting rid of second homes, or getting rid of buying to let, but you can't just make such a dramatic switch. Presumably you would phase this in over many years, right? As for building 5 million homes, this too has quite a few consequences...of course there are consequences to not doing it as well...
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