White middleclass Locusts Fuel buy to let boom.

[ViolentPanda]

You miss the point entirely. Their behaviour is explained by their income and wealth, not by their race, so to introduce race into the discussion is wrong.

Actually, "their" behaviour is only partially explained by income and wealth. Culture and social tradition within cultures plays a role too, so to introduce "race", on a limited basis, and subject to the provisos I've already stated, is fair.

You really shouldn't use words like "entirely". They leave you a hostage to fortune.

 

[brasicritique]

Do you agree with the threads proposition or not nino?
Do you agree with the threads proposition or not not blagsta?

I shant hold my breath as you have both demonstrated its hard work sharing one brain between two

 

[nino_savatte]

I shant hold my breath as you have both demonstrated its hard work sharing one brain between two

You've no room to talk, numbnuts.

 

[Prince Rhyus]

Unfortunately they've got rid of it now, but for many years Belgium taxed any profit made selling a house at a hefty 75%, thus all but eliminating property speculation and keeping house prices right down.

Introducing such a tax now would have the effect of stopping the speculators in their tracks without triggering panic selling.

Interesting point.

I've always had strong feelings against speculation. It's just a posh word for gambling on a large scale only it f--ks up a larger number of people, most of whom have nothing to do with the activity in the first place.

Tobin tax on foreign currency transactions anyone?

I like the idea of a tax on property transactions, so long as there are some safeguards to protect the less-well off. Such as the tax being progressive - i.e. zero for properties valued at less than say £150,000 and enourmous for very expensive Surrey mansion houses. Money collected from such a tax could then be ploughed back into local government to go into providing council housing.

While it is good to see construction of better quality housing (obviously at a time of high demand), we seem to be at a situation where the rich are getting richer while the rest of us struggle to tread water.

 

[Blagsta]

Do you agree with the threads proposition or not nino?
Do you agree with the threads proposition or not not blagsta?

I shant hold my breath as you have both demonstrated its hard work sharing one brain between two

You really are a cock

 

[nino_savatte]

You really are a cock

Isn't he? It's not as if he is the master of insightful comment.

 

[ViolentPanda]

Interesting point.

I've always had strong feelings against speculation. It's just a posh word for gambling on a large scale only it f--ks up a larger number of people, most of whom have nothing to do with the activity in the first place.

Tobin tax on foreign currency transactions anyone?

I like the idea of a tax on property transactions, so long as there are some safeguards to protect the less-well off. Such as the tax being progressive - i.e. zero for properties valued at less than say £150,000 and enourmous for very expensive Surrey mansion houses. Money collected from such a tax could then be ploughed back into local government to go into providing council housing.

While it is good to see construction of better quality housing (obviously at a time of high demand), we seem to be at a situation where the rich are getting richer while the rest of us struggle to tread water.

Personally I reckon a Tobin-type tax would be an extremely equitable (although I doubt Capital would see it as such) way of generating revenue to offset the effects of global Capital until such a time as Market Capitalism slits it's own throat or has it slit.