
Will
@willlloyddav
Engineer.
ID: 822930708754825216
21-01-2017 22:15:45
893 Tweet
125 Followers
2,2K Following

Lord Moylan What's the capital doing, except inflating the asset price? It's not building new homes or creating living space. It's buying an asset (usually leveraged heavily) and then adding other costs and margins to charge to people with no choice but to pay. That's economic rent.








But itโs actually even more concentrated than that. Scrapping the 45p rate gives ยฃ1 BILLION in tax savings to just 2,500 people, each with over ยฃ3.5m in income. On average, thatโs an extra ยฃ400k for each of them, every yearโฆ Theyโd better be really great at driving growth!









