Now They Want Our Jewellery, Paintings & Furniture
Posted in the Columbus Forum
“animis opibusque parati”
Since: Oct 12
#1 Mar 2, 2013
by Anna Grayson
London, England-A new wealth tax is being proposed by the leftist wing (The Liberal Democrats) of our coalition government that will come with unprecedented powers to enter our homes and root through our personal possessions to value rings, necklaces, paintings and furniture, anything that might raise more taxes. If we refuse to be inspected or get our own valuations wrong, we would be facing fines, maybe even a jail sentence.
This brainchild was conceived by the Lib Dems for their next election manifesto and is part of a series of measures planned to tax the better off. Taxpayers would be required to Ďself assessí their net worth, which would be checked by inspectors under the auspices of HM Revenue and Customs. Currently this government department has no power to enter a personís home.
This is already being done in France where a personís Ďglobal assetsíĖ everything from his car to his motherís antique silver fork was taxed at .25% when introduced, and inspectors there have the right to enter private homes.
Once a tax is levied, itís only a matter of time before politicians start to tinker with it to squeeze yet more from their victims. That is exactly what new socialist president Francis Hollande did when he raised the tax to .55%. And if the rioting and austerity protests donít abate, heíll probably raise it again.
My neighbour has family property in France and noted the week before the tax came into force, those who could piled all their paintings and antiques into their cars and drove them over to the UK. He said the ferries were bulging with cars crammed with treasures. If this idea takes hold, they will have to load up the truck and move to ... Switzerland or Lichtenstein where wealth is welcomed and appreciated, along with the cash-poor Brit that inherited a Piaget and mink coat from a relative.
--France has just passed a Robin Hood tax on all financial transactions--
But thatís not all. France has just passed a Robin Hood tax on all financial transactions. Americans take note. If you own shares in a French company, you will be taxed 0.2% every time you trade them. So if you hold $100K worth of shares in a French company and you sell, you owe the French government $200. And if you holiday in France and want to exchange $1000 into Euros, thatíll cost you $2. Not to worry though, itís all going to a good cause in supporting developing countries, where France wants more influence. Itís only a matter time before the Brits pick up on this one.
Being just a proposal at this stage, the UK jewellery tax can and is being pooh-poohed as ridiculous and unenforceable. But that doesnít stop British liberals. One of our Lib Dem MPs, Tessa Munt said that the jewellery tax was Ďan interesting ideaí. As long as one of them thinks this is a good plan, they will not rest until it gathers enough momentum to try and get it passed into law.
Take the so-called mansion tax. This was an idea put forward, again by the Lib Dems and they wanted to introduce a new tax on privately owned real estate valued at more than £2million. Initially it was £1million, but after an outcry from people who were cash poor, but who had a family home that had accumulated value over the generations, was re-thought to a higher level. It doesnít matter that people who buy these homes are likely to be buying their property after having paid 40% income tax on their earnings, or that their properties are already subject to higher council taxes, or that the owners will have paid a hefty stamp duty tax just to buy the darn thing in the first place. That is simply not enough blood, in an era of wealth envy and redistribution politics....
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