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:<\/p>\n
Lib Dem plan for \u00a31m-property tax<\/b>
\nThe Lib Dems have outlined plans for a tax on owners of \u00a31m-plus homes, using the proceeds to help low-paid workers.<\/p>\nTreasury spokesman Vince Cable says plans for a 0.5% annual levy on the most expensive homes will raise \u00a31bn.<\/p>\n
He told the BBC, ahead of his party conference speech, it would help fund plans to get four million people who earn less than \u00a310,000 out of taxation.<\/p>\n
Mr Cable warned party members of “unpopular” choices on tax and spending and branded the Tories as “dishonest”.<\/p>\n
The new charge of 0.5% would apply to the value of a property above \u00a31m. So if a home was worth \u00a31.5m the 0.5% tax would apply to \u00a3500,000 of it, meaning the owner will have to pay \u00a32,500 a year. The extra tax on a \u00a34m property would be \u00a315,000 a year.<\/p>\n
The Lib Dems say about 250,000 property-owners would pay about \u00a34,000 a year each on average mostly in the South-East of England.<\/p>\n
[…]<\/p>\n
http:\/\/news.bbc.co.uk\/1\/hi\/uk_politics\/8265821.stm<\/p>\n<\/blockquote>\n
In case you have no clue about why this idea is immoral, bad and totally wrong headed, go to class (scroll to 8min 37sec):<\/p>\n