Bag's Rants

How many more taxes are possible?

It seems that there is going to be a new land tax on the Olympic area because of the benefits of regeneration. Read here.

Of course business's will just factor this in for a cost analysis and decide if they want to invest on their estimated ROI. Although once the Olympics are gone will it be viable? Need to make your profit in the build up and over the Olympic games. Place will die after. Makes me wonder now about the old Manchester site which seems to be decaying. I wonder if they have a similar tax which could have led to the downfall or it's just basically too expensive by default.

What exactly is the benefit of regeneration that makes a general renovation different from the Olympics? Probably nothing bar looks. So we can expect a new tax whenever the council revamps an area. Win-win for them. They spend some money. Claw it back in additional taxation to do the same at another site. Soon the whole area is renewed and their tax base is up. Ingenious really.

Anyway there can't be that much more that can be included in taxation. We are already talking about enhanced window taxes with a view being taxable, our rubbish is going to be taxed, all our car travel is going to be taxed, several times and our income is also taxed. The kids are fearful for their pocket money. That only really leaves breathing, our toilet and nookie. All of which will be taxable once we are under total surveillance. Can't wait. I'll get a refund on the nookie component.

posted by Bag @ 9:52 am