In terms of the wealthy making a fair contribution to paying down the budget deficit, which is Osborne’s excuse for prolonged austerity whose real aim is to shrink the State, there are many other options to serve that goal.

One is the replacement of the regressive council tax by the much more progressive land value tax.

But there is another which has earned very little attention. That is the enormous extent of UK land and property which now operates from offshore companies and therefore in most cases pays rent to overseas landlords who pay significantly lower rates of tax.

Source: Corbyn strikes a rich vein with taxes on the very rich | Michael Meacher

Join the Vox Political Facebook page.

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Vox Political needs your help!
If you want to support this site
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Buy Vox Political books so we can continue
fighting for the facts.

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here: