A so-called “mansion tax” may appear to embody a particular notion of fairness. One would think from the rhetoric that high-value homes all belonged to wicked billionaires, oligarchs and non-doms. One would think that owning such a home were inherently unjust. Far from it. Many valuable homes will have been bought […]
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Gordon Brown: We are ‘sweeping away’ bonus culture of City banks – Telegraph
In a classic case of state intervention begetting state intervention: Executives at RBS, which is 70 per cent owned by the state, are pushing to pay their staff nearly £1 billion in bonuses, even though the bank needed a £20 billion capital injection from the Government to prevent its collapse […]
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