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Friday, 2 January 2015

Fancy a “one off” tax?

I don’t know whether it’s just me, but I’m hearing some nasty little rumours at the moment.

For instance:

The IMF world bank is proposing a ten per cent wealth tax on all households in the UK and the rest of the Eurozone.

What this would mean is men and women having to pay a levy on the total value of their accumulated assets, including their properties, cash, bank deposits, money funds, and savings in insurance and pension plans.

The amount payable would also depend upon whether they have any businesses, personal trusts, corporate funds, earnings, loans and mortgages.

All of these things are already taxed – so a wealth tax would represent an additional tax on the same assets. In other words, we would be taxed twice.

Now I haven’t heard a peep out of the MSM but surely there must be someone out there who has heard of this rumour. I only got hold of this through a blog written by journalists who I’ve never heard of before.

There’s also a link to a PDF discussing the proposal. 

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This is not a new idea. If you remember it was carried out in Cyprus. The hyperlink takes you back three years ago.

The most distressing part of the discussion paper, is the lack of understanding by the authors. They don’t seem to realise they are sanctioning theft on the grandest scale.

What do you think? I personally think it’s time to take my money out of the bank and hide it under the…………………

11 comments:

  1. I don't bother with the mattress any more...I use the gun cabinet.

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  2. Sound like something Ed Balls is dreaming about.

    Nothing would surprise me with these EU bastards. Would be interesting to see the response. Remember the Poll Tax?

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    Replies
    1. The poll tax was a positively good thing though.

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  3. 'Lessons will be learned' - from Guido Fawkes' initial failure.

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  4. Time for hemp fandango's I believe!

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  5. You are absolutely correct. It is another "inspired" idea by that awful woman who is the head of the IMF. You can read all about it on the IMF website.

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  6. why only ten percent? Why not all that can be shown to be a greater benfit to the state than the owner.
    Dont be greedy. Check your privileges etc.

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  7. This has been around for awhile. The left is trying to figure out how to get around the problem of running out of other people's money. At any rate, this is classic socialism (Marx: all property is public property) versus capitalism -- (Thatcher -- there is no public money, it's all taxpayer money).

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    Replies
    1. And she was right, there is no such thing as public money, only tax revenue

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  8. Dear Mr Lowe

    Does that mean if my net wealth is negative I get paid 10%?

    Just asking ...

    DP

    ReplyDelete

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