The German writer Heinrich Heine (1797–1856) presciently stated that Communism ‘…possesses a language which every people can understand – its elements are hunger, envy, and death.’ Sadly, this may come to pass in the imminent General Election, as Mr. Starmer and his merry band of class warriors get the keys cut to No.10, with warm beer and bacon butties on the menu, ready to give the middle and upper echelons of society a good kicking and prove Heine right.
The only real benefit of the foolhardy Non Dom tax changes, instituted in the Autumn Statement of 2014 and exacerbated by the Referendum/Brexit result, is the emergence of the ‘uber tenant’.
These are international, high net worth individuals, who would have ordinarily bought substantial mansions of £20-50million each, but instead have chosen to rent these properties at eye-wateringly high levels which, in some cases, have exceeded a staggering £25,000 per week.
The press has mooted the idea of Capital Gains Tax on ones PPR above £5million. Usually in these circumstances there is no ‘smoke without fire’. Were this ‘fool hardy’ idea to be incorporated in the first Budget of the new Tory administration, were they to be elected, this would be the first time that any government has had the temerity to trounce on the sacred ground of the middle to upper classes. It unquestionably would be another ‘bash’ against London residents, which, lets face it, is hardly a Tory heartland, since it is has been historically left leaning.
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