He just seems so short on facts and blusters his way through
Apart from a brief spell on the FT, his property portfolio was built up through various taxpayer funded jobs.
Balls has never created wealth or jobs but has always leeched off the State.
Odd, too, for a socialist to have been so friendly with the crook, Conrad Black, that he would cadge lifts on his Gulfstream!
For all these reasons he would find it difficult to empathise with those who have struggled to buy their homes.
There is something of the schoolyard bully about the man.....vividly shown during a friendly charity match when he viciously elbowed a journalist.
So no surprise his bullying property tax proposal is lazily constructed and clearly designed 'on the hoof'.
He says the proceeds of his tax will go towards funding the NHS.
Does he not understand the root problems of the NHS are of too much third rate management and squandered money?
A prime example being the case of Joan Hanham of this parish reported HERE
Anyway, back to his property tax.....
K&C, over the last couple of decades has become a haven for 'dark & dirty money' from third world countries: countries you wouldn't want your gap year daughter sending postcards from.
Neither Labour or Conservative governments have tried to vet or stem these inflows of stolen money so the net effect has been to distort the values of quite ordinary two bedroom flats in our Borough.
Those likely to be hit badly by this tax are the eighty five year old age group who RBKC predict will grow from 2,800 to 4,100 over the next 20 years.
Similarly, the sixty five to eighty four year old group who will grow from 16,000 to 19,000. All are mainly retired on fixed incomes.
They won't wish to rollup the tax and will be forced to sell their only asset and move from a place they love.
And who will benefit from this fire sale of homes by the income poor?
None other than more crooked off shore investors.
They must be rubbing their hands with glee at the prospect of this windfall.
What a balls up.