Gavin Webb left the sinking ship just in time

September 21st, 2009

The hopeless perpetual losers the Lib Dems have another brilliant scheme up their sleeves. It is called ‘Subsidise To Emancipate All Littleguys or “STEAL”. Gavin Webb (who is not a rat, but who is instead a moral man with a backbone and real, red blood) left that sinking ship just in time it seems:

Lib Dem plan for £1m-property tax
The Lib Dems have outlined plans for a tax on owners of £1m-plus homes, using the proceeds to help low-paid workers.

Treasury spokesman Vince Cable says plans for a 0.5% annual levy on the most expensive homes will raise £1bn.

He told the BBC, ahead of his party conference speech, it would help fund plans to get four million people who earn less than £10,000 out of taxation.

Mr Cable warned party members of “unpopular” choices on tax and spending and branded the Tories as “dishonest”.

The new charge of 0.5% would apply to the value of a property above £1m. So if a home was worth £1.5m the 0.5% tax would apply to £500,000 of it, meaning the owner will have to pay £2,500 a year. The extra tax on a £4m property would be £15,000 a year.

The Lib Dems say about 250,000 property-owners would pay about £4,000 a year each on average mostly in the South-East of England.


In case you have no clue about why this idea is immoral, bad and totally wrong headed, go to class (scroll to 8min 37sec):

You should now read this and then read this.

The Daily Mail has a good article about why ideas like this are not sensible, and I quote (with the priceless headline for the lulz):

What a Daily Mail orgasm looks like on Twitpic

So why hasn’t the Government reformed the benefit system? It’s as if they’re offering car drivers a bonus for every crash – then acting surprised when accidents shoot up.


Daily Mail

That almost sounds like a Shiffism!

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