>>Because we live in a society and those with the most expensive houses have likely derived the most benefit from that.
How so? The same limits on garbage collection still apply regardless of how expensive your house is. Even if you have a £20m mansion the council will only collect one bin per week. I'd risk a guess that expensive mansions also require fewer police and fire department visits, and as for street cleaning I have no opinion really.
>>Stamp duty is a terrible mechanism: it mainly just discourages people from moving, which then means it doesn't even raise that much revenue.
I agree with you. I'm looking to buy a house right now and stamp duty feels like money thrown into a fire - basically paying few grand for the luxury of purchasing a place to live.
How so? The same limits on garbage collection still apply regardless of how expensive your house is. Even if you have a £20m mansion the council will only collect one bin per week. I'd risk a guess that expensive mansions also require fewer police and fire department visits, and as for street cleaning I have no opinion really.
>>Stamp duty is a terrible mechanism: it mainly just discourages people from moving, which then means it doesn't even raise that much revenue.
I agree with you. I'm looking to buy a house right now and stamp duty feels like money thrown into a fire - basically paying few grand for the luxury of purchasing a place to live.