Outrageous! The over 60s should be taxed out of their homes

20th October 2011
Outrageous! The over 60s should be taxed out of their homes
There has been a report from the Intergenerational Foundation which has been backed by labour  that older people should be taxed out of their family homes to free up space for younger generations. It argues that there are up to 25 million empty bedrooms across the country and this is a way to encourage older people to leave too large family homes. They believe in a new land tax to encourage older people to downsize to a smaller home. They believe it promotes fairness between generations.