[Diggers350] Corrections to Labour's 'Land From The Many' Report article

[Tony Gosling]

apologies - I stupidly mistook names acknowledged 
in the report for people endorsing it - corrected and clarified below
https://tlio.org.uk/pay-no-rent-how-we-can-permanently-fix-the-cost-of-living-crisis/

.....Many blame Theresa May’s attempt to float a 
‘Dementia Tax’[1] in the 2017 general election 
for her losing the Tory majority. But Labour went 
much further in proposals to make more of us 
landless. Corbyn’s shadow chancellor John 
McDonnell, with adviser Richard Murphy and others 
proposed the Lifetime Gifts Tax (LGT) in the pre 
2019 general election ‘Land For The Many’ report. 
George Monbiot, Prof Richard Murphy (Tax Research 
UK), Robin Grey (Three Acres and a Cow), Tom 
Kenny, Laurie Macfarlane (New Economics 
Foundation), Anna Powell-Smith (Centre for Policy 
Studies), Guy Shrubsole (Who Owns England), Beth 
Stratford (New Economics Foundation) and others 
endorsed this wheeze, despite it raising the 
number of Brits slated to lose homes on the death 
of a parent (unless they had substantial savings 
to pay the tax) from 650k, up to 10 million![2]

LGT would prevent anyone with a home valued over 
£450k handing it on to their children, but the 
AVERAGE house price in London is £750k, meaning 
LVT could precipitate vast 'social cleansing' of 
around 80% of homeowners from the capital. And as 
the housing bubble inflates ever further even 
those with tiny homes would be unable to gift 
them, either in life or death. The buck stops 
with this great land grab from the people with 
editor-in-chief George Monbiot ‘Land For The 
Many’ should have been titled ‘Land From The Many’!

Contributor to the Land For The Many report, 
Professor Richard Murphy, was contacted for his 
response to press reports[2] saying the Lifetime 
Gifts Tax could bring twenty times more 
homeowners into inheritance tax bands which mean 
they could lose their homes. His response was 'If 
that's what you think, I have nothing to say to 
you', and put the phone down./////


BTW on a brighter note Michael Hudson's latest is BRILLIANT!
https://www.bitchute.com/video/AH8pJ8vLnpQQ/
Emacs!
Emacs!


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