Should Corbyn remain as Labour leader?

[Boss]

14 minutes ago, AngryofTuebrook said:

Not necessarily. 

 

A person earns money and buys a house for, say, £100k.  By the time they die, 30 years later, the house is worth a million, through economic changes which have absolutely nothing to do with any efforts on the part of the dear departed.

 

You can argue that the initial  £100k was earned  (and, of course, that part wouldn't be taxed) but the balance of the price of the house is clearly unearned; you could even argue that it was "earned" by the Government  (since it is their policies that drive house price inflation) so it's perfectly right that they should benefit. 

 

It's hard to argue that some relative of the deceased has a claim to every last penny.

 

They've earned it because they made a sound investment with their money. They could've spent £100,000 on Woolworth's stock and lost it all. They own it, therefore any appreciation on the assets value is rightfully theres to keep. 

[TheHowieLama]

14 minutes ago, AngryofTuebrook said:

you could even argue that it was "earned" by the Government  (since it is their policies that drive house price inflation) so it's perfectly right that they should benefit. 

 

You probably shouldn't

[Strontium]

I really don't think the massive explosion in house prices can be attributed to the sound financial judgment of house buyers.

[Boss]

Do you think house prices in 50 years time will be more expensive or cheaper than they are now?

[Numero Veinticinco]

12 minutes ago, Sixtimes Dog said:

I really don't think the massive explosion in house prices can be attributed to the sound financial judgment of house buyers.

Yeah, it’s nonsense. Some is sound financial investment, most is luck, time, and multiple external factors. 

[Boss]

Time appreciates most assets - certainly assets that people need to live. 

[Numero Veinticinco]

14 minutes ago, Boss said:

Time appreciates most assets - certainly assets that people need to live. 

Keep thinking. Seriously, there’s a bit more than just that. 

[A Red]

2 hours ago, Sixtimes Dog said:

 

Councils do more than collect bins.

 

 

The fuckers round here dont even want to do that. They want me to have.......oh fuck it, ive moaned about this before and got zero sympathy

[AngryOfTuebrook]

1 hour ago, Boss said:

 

They've earned it because they made a sound investment with their money. They could've spent £100,000 on Woolworth's stock and lost it all. They own it, therefore any appreciation on the assets value is rightfully theres to keep. 

Investment is buying something and doing something to add value to it. It is a productive activity and any profits can be said to be earned.

 

Buying something and hoping its price will increase (courtesy of other people's actions) isn't investment: it's speculation.  It's no more productive than buying a lottery ticket and any money gained is similarly unearned. 

 

[AngryOfTuebrook]

1 hour ago, Boss said:

Do you think house prices in 50 years time will be more expensive or cheaper than they are now?

Do you know why house prices have exploded in the last 30-40 years?

 

(Clue - it's nothing to do with homeowners being shrewd investors.)

[Dougie Do'ins]

17 minutes ago, AngryofTuebrook said:

Do you know why house prices have exploded in the last 30-40 years?

 

(Clue - it's nothing to do with homeowners being shrewd investors.)

The stampede to get on the house ladder and not enough of them to satisfy the demand has to be a big part of it. 

[Boss]

24 minutes ago, AngryofTuebrook said:

Do you know why house prices have exploded in the last 30-40 years?

 

(Clue - it's nothing to do with homeowners being shrewd investors.)

 

The homeowners are shrewd investors though - by any measure of the term - because they bought an asset that appreciated in value several times over the initial purchase price. They could've rented instead, or defaulted on that mortgage at any stage, yet they honoured their 30 year commitment, paid off the exorbitant interest rates and then owned the property outright. Hence it's theres to do with as they please. The government has no right to interfere with that. 

[TheHowieLama]

I wouldn't use the word exploded -- the average size of them has certainly increased drastically. Markets that show an above average increase (in the US the average house price increase is a little less than the rate of inflation) turn out to be where people want to live -- so, yea - supply and demand. Probably a little more to it than luck tbh.

[A Red]

36 minutes ago, AngryofTuebrook said:

Investment is buying something and doing something to add value to it. It is a productive activity and any profits can be said to be earned.

 

Buying something and hoping its price will increase (courtesy of other people's actions) isn't investment: it's speculation.  It's no more productive than buying a lottery ticket and any money gained is similarly unearned. 

 

If you buy a house in what you hope is in an up and coming area, re-decorate it, put new windows in, new floor, re do the walls and add an extension that is an investment and the profits have been earned

 

Do you think lottery winners should pay tax on their winnings? Should there be a tax on the winnings you get from the bookies/casinos etc?

[Pureblood]

21 minutes ago, A Red said:

If you buy a house in what you hope is in an up and coming area, re-decorate it, put new windows in, new floor, re do the walls and add an extension

Instant cunt identifier. 

[Boss]

23 minutes ago, A Red said:

Do you think lottery winners should pay tax on their winnings? Should there be a tax on the winnings you get from the bookies/casinos etc?

 

Exactly. It could be applied to anything. I have a guitar that's appreciated in value. Should I pay the government a tax on it when it's sold?

 

 

[A Red]

13 minutes ago, TK421 said:

Instant cunt identifier. 

Why?

[Boss]

Angry seems to be saying because it appreciated in value through little effort on the part of the homeowner it's technically the governments money.

 

It's like saying this.... let's say I put all my savings into bitcoin 10 years ago. The government should therefore be entitled to my windfall (when i cash out at £20,000 per bitcoin) because I didn't put any real effort into it.

 

Doesn't make any sense.

[TheHowieLama]

1 minute ago, A Red said:

Why?

Because we know that people who take an interest in their homes, neighborhoods and communities are cunts - duh.

[TheHowieLama]

1 hour ago, AngryofTuebrook said:

Investment is buying something and doing something to add value to it.

How do I add active value to my stock shares? Cuz, that is like, investing.

 

To help flesh out this idea of pure luck we should point out that the average home price in England is the same now as it was 10 years ago - at least if you believe the BBC.

 

[Captain Howdy]

21 hours ago, AngryofTuebrook said:

 

 

This army of "centrists" who claim to be so committed to stopping Brexit remind me of when Tony Blair used to bang on about being "tough on crime; tough on the causes of crime" and then decided to just swing his "tough on crime" dick to get the Daily Mail moist and totally ignore the causes of crime.  

You mean ignored them by introducing the minimum wage, massively reducing child and pensioner poverty, introducing the low pay commission, massive NHS and school investment , tax credits, the HRA. Sure Iraq has rendered Blair political poison but let’s not completely rewrite history.

[Bjornebye]

13 minutes ago, Captain Howdy said:

You mean ignored them by introducing the minimum wage, massively reducing child and pensioner poverty, introducing the low pay commission, massive NHS and school investment , tax credits, the HRA. Sure Iraq has rendered Blair political poison but let’s not completely rewrite history.

He didn't ban knives though. The bastard. 

[Jairzinho]

15 minutes ago, Captain Howdy said:

You mean ignored them by introducing the minimum wage, massively reducing child and pensioner poverty, introducing the low pay commission, massive NHS and school investment , tax credits, the HRA. Sure Iraq has rendered Blair political poison but let’s not completely rewrite history.

 

PFI, not great. Not great at all.

[Pureblood]

57 minutes ago, A Red said:

Why?

Think of the poor neighbours.

[Pidge]

1 hour ago, Boss said:

 

Exactly. It could be applied to anything. I have a guitar that's appreciated in value. Should I pay the government a tax on it when it's sold?

 

 

We're back to Capital Gains Tax again.

 

You pay Capital Gains Tax on the gain when you sell (or ‘dispose of’):

• most personal possessions worth £6,000 or more, apart from your car
• property that’s not your main home
• your main home if you’ve let it out, used it for business or it’s very large
• shares that are not in an ISA or PEP
• business assets