"Britain is like an old theme park sliding into the Atlantic compared to modern China." Former Australian Prime Minister Paul Keating

[crankthatskunk]

I don't think you understand what "rent-seeking" is.

The very fact that people are buying these things for capital gains is the problem already, full stop.

You are also conveniently totally ignoring the fact that the lords own enormous amounts of land at trivial property taxes.

Here is an article from the horse's mouth if you insist on pretending it's not an enormous problem.

Half of England is owned by less than 1% of the population | Property | The Guardian

I know about UK, I am a Land Lord too. The Queen is among the top Land Lords in the UK. we all know it.
What I am objecting is your lack of understanding of taxes on properties and Rental Income in the UK.
Now that you have mentioned Capital Gain Tax. we Pay Capital Gain Taxes as high as 40% on disposable of any property except your main resident. If Children get inheritance , they pay inheritance tax as high as 40% . so Properties are tax on every level.
Get educated my friend.

 

[Communism]

I know about UK, I am a Land Lord too. The Queen is among the top Land Lords in the UK. we all know it.
What I am objecting is your lack of understanding of taxes on properties and Rental Income in the UK.
Now that you have mentioned Capital Gain Tax. we Pay Capital Gain Taxes as high as 40% on disposable of any property except your main resident. If Children get inheritance , they pay inheritance tax as high as 40% . so Properties are tax on every level.
Get educated my friend.

I forget that talking to brits about rent-seeking is literally impossible, as everything about the U.K. is rent-seeking.

I seem to only get something similar to this as a response every single time.

 

[crankthatskunk]

I forget that talking to brits about rent-seeking is literally impossible, as everything about the U.K. is rent-seeking.

I seem to only get something similar to this as a response every single time.

Are you for real my friend!!
You started your argument that there are no taxes on properties in the UK. Now that you get the full picture from me, that you pay taxes on each and every step, from buying to disposing investment properties. Capital Gain Tax on disposal, Stamp Duty on purchase, Income Tax on rental Income, Council Tax on running the property , you have just started to do, what most of defeated minds do. Good luck.

 

[Communism]

Are you for real my friend!!
You started your argument that there are no taxes on properties in the UK. Now that you get the full picture from me, that you pay taxes on each and every step, from buying to disposing investment properties. Capital Gain Tax on disposal, Stamp Duty on purchase, Income Tax on rental Income, Council Tax on running the property , you have just started to do, what most of defeated minds do. Good luck.

I started by saying there isn't a proper property tax, and used the 47% of the land of the country owned by literal landed nobility as the most obvious proof.

The fact that you do not seem to understand the term "rent-seeking" is also typical of brits I have talked to.

It makes sense that an Imperial Subject would not know anything about the primary reason for the existence of the U.K.

 

[crankthatskunk]

I started by saying there isn't a proper property tax, and used the 47% of the land of the country owned by literal landed nobility as the most obvious proof.

The fact that you do not seem to understand the term "rent-seeking" is also typical of brits I have talked to.

It makes sense that an Imperial Subject would not know anything about the primary reason for the existence of the U.K.

I understand the term Rent-Seeking, remember it is a term coined by a British.
But for you to tie that up with the land and property ownership is daft to say the least.
As a matter of fact, levying service charges on things like "ULEZ" charge in London is rent-seeking.
So the term should not be tied to the properties or Land ownership, but as a matter of fact on any activity, which results in income without any economic activity. Getting favours or subsidies is "rent-Seeking" with true definition of the term.
Charging fee for a right of way open space is rent-seeking.

Property ownership in the UK doesn't and should not come under the term Rent-Seeking at all. It generate economic activities, it provides jobs in service industries, like maintenance companies, insurance companies, utilities companies. Provide taxes to the government, which are then used to generate economic activities in the country.

 

[Communism]

I am not tying "rent-seeking" to only matters of land and property.

That is simply the most obvious glaring example to make the point easier to understand for people.

The U.K.'s primary way of acquiring (note, not generating, but acquiring) wealth is the requisition of wealth by financial rent-seeking from overseas people trying to hide their money from proper recompense.

The U.K.'s secondary way of acquiring (note, not generating, but acquiring) wealth is the hilariously corrupt property market driven primarily by property speculation.

The combination of these two things are the obvious reason why the U.K. doesn't have many other significant wealth generating activities (once you count the subsidies for such activities paid for by the first two levels of rent-seeking).

 

[ARMalik]

fake news

meanwhile HMS Queen Elizabeth just spent 6 months in the South China Sea and China could do nothing to stop them even although its right on Chinas door step

and Russia has been crying since Type 45 DDG entered Black Sea

while neither Russia or China combined could get a Carrier Strike Group anywhere near the Mediterranean or Atlantic let alone close to UK

You might get your wish come true very soon. Just wait for it.

 

[Sal12]

UK's infrastructure has become very old now even compared to their European counterparts.

 

[aziqbal]

Did u forget to take your medicine?

If UK want to waste fuel and money sending warship to SCS. Does it make the fact UK infrastructure is inferior to China nowadays as fake?

Instead of bragging this thing, sensible British shall well spend the fuel and money on UK fleet to SCS , better channel in upgrade UK infrastructure or help more needy British. I believe that will be more meaningful...

yes because both China and Russia combined cannot even handle Tiny island called UK

both Authoritarian regimes too busy killing their own people and citizens who demand any rights

if you didnt spend billions on spying and torturing your own people both nations would have developed some technology by now instead of copying others

China is too afraid to fight any outsider because they own their own home is too unstable because Chinese government knows they have done crimes against their own ethnic community

when country is divided and not united this is normally what happens

 

[beijingwalker]

yes because both China and Russia combined cannot even handle Tiny island called UK

Lol, what UK can do about China and Russia besides barking as an US lapdog?

China is too afraid to fight any outsider because they own their own home is too unstable because Chinese government knows they have done crimes against their own ethnic community

1951, China fought US and so called UN, 1962 China fought India, 1969 China fought Soviet Union, so what "outsiders" do you mean?

 

[aziqbal]

Lol, what UK can do about China and Russia besides barking as an US lapdog?

you do realise Royal Navy has 7 x Hunter Killer Nuclear Submarines Astute Class+ 4 x SSBN of the Vanguard Class each one carrying 16 Trident missiles and Trident has done over 180 test fires since induction

meanwhile both China and Russia combined cannot reach the kind of firepower

those old Soviet submarines are not reliable and Chinese ones are not sea worthy

which is why UK can send its assets to both China and Russia while neither can send their assets anywhere close to UK

or in simple terms, we can reach you but you cant reach us

 

[beijingwalker]

you do realise Royal Navy has 7 x Hunter Killer Nuclear Submarines Astute Class+ 4 x SSBN of the Vanguard Class each one carrying 16 Trident missiles and Trident has done over 180 test fires since induction

meanwhile both China and Russia combined cannot reach the kind of firepower

those old Soviet submarines are not reliable and Chinese ones are not sea worthy

which is why UK can send its assets to both China and Russia while neither can send their assets anywhere close to UK

or in simple terms, we can reach you but you cant reach us

what UK can do about China and Russia besides barking as an US lapdog?

 

[Shotgunner51]

Chinese ones are not sea worthy

 

[aziqbal]

what UK can do about China and Russia besides barking as an US lapdog?

you need to expand your English vocabulary repeating same thing makes you look uneducated

 

[Apollon]

Did u forget to take your medicine?

If UK want to waste fuel and money sending warship to SCS. Does it make the fact UK infrastructure is inferior to China nowadays as fake?

Instead of bragging this thing, sensible British shall well spend the fuel and money on UK fleet to SCS , better channel in upgrade UK infrastructure or help more needy British. I believe that will be more meaningful...

Lol.. you are a frog still living in UK a decade ago. Now it's the reverse. The only polluting city now is New Delhi. The standard of living in Beijing and Shanghai are much higher than most British enjoyed. China is not a country open to migrants like UK, Europe or US.

Most dream but very little people can get Chinese green card. There is a reason why Chinese green card is the most difficult to obtain in the world. Even u have hundred million dollar will not gurantee u get a green card in China.

I would prefer death than to have to live in an open air concentration camp. ^^ You showed chinese cities to me before and it looks abhorrent for me. No culture, no class, no nature. It looks like a soulless and lifeless Dubai mall and outside you have living barracks. I believe we have totally different ways what we see as worthy to live in.

This is very close to where i live, the city name is Nafplio