Submitted on Tuesday 13th December 2011
Published on Wednesday 14th December 2011
Current status: Closed
Closed: Friday 14th December 2012
Signatures: 2
Business investment helps everyone. Property empires serve solely as a method for the wealthiest to tax the poor.
A two tier Capital Gains tax system could be used to increase both government tax revenues and increase investment in small and medium business that could innovate the UK out of recession.
Currently, multiple property ownership is the safest and most rewarding investment in the UK. This effectively means that those wealthy enough to own multiple properties can tax those without either the income or savings to buy a home.
Two tier Capital Gains tax would tax more heavily those safe investments (properties), increasing government revenues. This would allow the government to lower capital gains on business investments. This would decrease business reliance on a strained banking sector and encourage people to invest is the small business round the corner that could be working on the next big thing.
Lets innovate out of this recession, not ride the property bubble wave that serves only the wealthy and perhaps MP's.
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