Posted Feb 14, 2013 by Martin Armstrong
So many countries are following Obama and assume that raising taxes on the “rich” is now justified. Britain is moving to add the “Mansion Tax” additional taxes on property valued at £2 million. The benefit is claimed it will reduce the average person taxes by £2 a week. Property taxes in the City of London on business is already about 100% of the rent. Everything everywhere is about raising taxes rather than creating jobs. At create tax incentives for hiring someone. The trend is clearly in motion.