The Tories have 'killed buy-to-let for the middle-classes'

[DimPrawn]

Rubbish. There are still too many young people who cannot afford homes.

.

As sasguru would have said, they should have studied harder at school, and become laywers, doctors, architects, or MPs, rather than collecting trolleys as ASDA on min wage.

[AtW]

As sasguru would have said, they should have studied harder at school, and become laywers, doctors, architects, or MPs, rather than collecting trolleys as ASDA on min wage.

WHS

They should not have skipped their lessons at Eton!!!

[AtW]

In fairness, Gordon Brown had to sell all that gold, due to a secret EU agreement that required "rebalancing" gold reserves betweenn various EU central banks.

BS

[AtW]

I thought capitalism was based on the principles of making money for hard work, enterprise and entrepreneurship. That was surely the American Dream at least - you could become affluent if you 'deserved' it.

Komrade, you need to read up "Capital" by Karl Marx...

[AtW]

Rubbish. There are still too many young people who cannot afford homes.

If they can't afford home then they should not be able to afford Borrow-To-Let.

[AtW]

What makes me laugh is small time Btl owners claiming it is a business.

Whilst I wouldn't ban it I struggle to see why investors think try should get any tax perks on buying a house to rent to other people. If you used all your own money you would get no interest relief so why should you get any when you borrow.

And historically, Btl has NOT been a Tory policy, but very Labour. When the Tories left power in 97 there were just over 28,000 Btl mortgages. When Labour left in 2010 there were over 1m. Basically one of Brown and Blair 's giveaways to buy the middle class vote.

WHS

They are all working classes in disguise wearing proper kapitalist clothes

[AtW]

Labour/brown does deserve a special kicking for the f up of a mess they made with the economy.

Mess? It was great under Labour administration - low taxes (no divi tax, 40% max), BTLs for everybody, sensible interest rates of 5-6% to keep savers happy, IR35 not working, taper relief on long term investments.

[Waldorf]

We will never be in the same position as Greece as the government of the day can simply create money as required. Might cause hyper-inflation and a run on the pound, but the government will always be able to pay its debts.

Short term thinking at its worst. You cannot beat basic economics, printing money is just passing the problem to the next government and the next generations.

You cannot spend more than you earn.

[DimPrawn]

Why Boomers can afford a nice house:

Dislike the 5p bag charge? This man has re-used his Tesco carrier bag for 34 years - Telegraph

Whilst the selfie stick holders spend £60 a month on a shiny iCrap on contract, £80 a month on a slick gym they never visit and £300 a month on a car they can't really afford.

[Waldorf]

So your solution is for Cons to increase taxation massively to hit their core voters very hard, total betrayal of business on all fronts (other than multinationals), and then you somehow think Labour would not increase taxes further???

Sadly the middle income are always going to end up paying for over spending. The lower income group do not earn enough, and certainly contribute less due to the tax cuts the Tories have brought in, the high income groups, well there are not enough of them to make much difference.

Yes, I do think a Labour government would increase taxes further, I thought that was my main point all along!