Labour's property tax is about to wipe out the middle classes in London and the South East - Kelvin MacKenzie
GB

Having driven out the rich, Labour is about to plunder the squeezed middle
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Why does Labour hate the middle classes? They work hard, they buy a house and hope one day to buy a bigger one, they put aside money for a rainy day and would be very proud if their kids did well in life.
Pretty basic stuff.
But the Reeves, the Kinnocks, the Browns and the Milibands, despite those who clean their cars on Sunday and cut the lawns.
Even worse, every Labour politician appears to embrace the benefit claimants, the shoplifters and even makes excuses for vile, thick parents who abuse teachers.
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Starmer and co are always talking about how to make the lives of these people, their natural voters, better, but never talking about the backbone of this country – the middle classes. How bloody odd.
With government spending out of control, with taxes at record levels, with welfare payments through the roof, Reeves and her chums are increasingly thinking about the middle classes, not in a nice way, but how to steal their money now that the wealthy have all buggered off.
It’s hardly surprising that the nation’s finances are in serious trouble after all we’ve had 13 months of Labour. Imagine what the country will look like after another four years.
They have driven out the rich, which only leaves the despised middle classes to be plundered.
And they are coming at them from every direction.
Labour's property tax is about to wipe out the middle classes in London and the South East - Kelvin MacKenzie
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I wrote only last week how they wanted to change inheritance tax so that you couldn’t give any amount you wanted to your children. Now, and you have to suspect Reeves always planned this, they want to introduce a property tax.
Not only is this aimed at the middle class, but also their other bête noire, the middle-class wealth in London and the South East.
The tax would apply to every home worth more than £500,000. There are rabbit hutches in the capital going for a £1million.
Between £500K-£1million you would pay 54 per cent and above £1million that would rise to 81 per cent. That would be an annual tax.
Even worse to come would be that instead of council tax there would be a local property tax of 44 per cent for homes worth up to £500k. Not clear what would happen above that figure.
The idea is to scrap stamp duty. You can be sure that you will be worse off under the new arrangements. That’s the whole idea. Labour wants to get its hands on your money.
The Guardian is being used by Reeves’s mates to float all these ideas. First came the wealth tax, which the clever Dan Niedle killed straight off; next came the inheritance tax and now the property tax.
Clearly, the middle classes, especially in London and the South East, are in Labour’s sights. I wonder if I could point out to these financial bullies that it is the capital and the Home Countries which are the only net contributors to the nation’s finances.
Every other area, especially Scotland and Wales, is being subsidised.
It’s clear the government have gone quite mad in their spending, and until that’s brought under control, I’m afraid we will see more middle-class tax bombshells heading our way.
Only yesterday, The Times reported that 70,000 families on Universal Credit with five or more children would be eligible for more than £18,000-a-year in child benefits if Starmer goes ahead with abolishing the two-child cap.
Reeves is currently looking down the back of your sofa for £3.5billion to fund these families, which would give them more in child benefits than they would receive after tax on minimum wage.
The future may well be our children, but surely only if the parents can afford them. I object to being sent the bill by the unemployed who look at their kids as their pay cheque.
Starmer, however, sees his role as keeping the SKIDS (Skint Idle Dim Socialists) rolling in money.
And he wants the middle classes, you and me, to fund them. We should fight with all our might.