#incomeinequity — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #incomeinequity, aggregated by home.social.
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Second homes for sale treble after council tax hike
by Gareth Pennant
September 6, 2024"New rules were introduced by the #Welsh government with the aim of making it easier for people to afford homes in the area where they grew up.
"To help achieve this, powers were given to local authorities to charge a premium of up to 300% on top of the normal council tax rate for those who own a #SecondHome in #Wales.
"It has become a thorny issue, especially in coastal areas and beauty spots along the west coast.
"Cyngor Gwynedd has long been accused of 'playing Russian roulette' by holiday home owners and tourism boards after it imposed a 250% premium on council tax for these properties.
"Earlier this year, it went a step further and announced plans for any new second homes to be subject to planning consent, with these rules coming into force on 1 September.
"It argued that the area faced a 'huge #HousingCrisis', with many young people backing the move, saying #wealthy second home owners were pricing them out of the market."
Read more:
https://www.bbc.com/news/articles/clyl52jz73vo -
Second homes for sale treble after council tax hike
by Gareth Pennant
September 6, 2024"New rules were introduced by the #Welsh government with the aim of making it easier for people to afford homes in the area where they grew up.
"To help achieve this, powers were given to local authorities to charge a premium of up to 300% on top of the normal council tax rate for those who own a #SecondHome in #Wales.
"It has become a thorny issue, especially in coastal areas and beauty spots along the west coast.
"Cyngor Gwynedd has long been accused of 'playing Russian roulette' by holiday home owners and tourism boards after it imposed a 250% premium on council tax for these properties.
"Earlier this year, it went a step further and announced plans for any new second homes to be subject to planning consent, with these rules coming into force on 1 September.
"It argued that the area faced a 'huge #HousingCrisis', with many young people backing the move, saying #wealthy second home owners were pricing them out of the market."
Read more:
https://www.bbc.com/news/articles/clyl52jz73vo -
Second homes for sale treble after council tax hike
by Gareth Pennant
September 6, 2024"New rules were introduced by the #Welsh government with the aim of making it easier for people to afford homes in the area where they grew up.
"To help achieve this, powers were given to local authorities to charge a premium of up to 300% on top of the normal council tax rate for those who own a #SecondHome in #Wales.
"It has become a thorny issue, especially in coastal areas and beauty spots along the west coast.
"Cyngor Gwynedd has long been accused of 'playing Russian roulette' by holiday home owners and tourism boards after it imposed a 250% premium on council tax for these properties.
"Earlier this year, it went a step further and announced plans for any new second homes to be subject to planning consent, with these rules coming into force on 1 September.
"It argued that the area faced a 'huge #HousingCrisis', with many young people backing the move, saying #wealthy second home owners were pricing them out of the market."
Read more:
https://www.bbc.com/news/articles/clyl52jz73vo -
Second homes for sale treble after council tax hike
by Gareth Pennant
September 6, 2024"New rules were introduced by the #Welsh government with the aim of making it easier for people to afford homes in the area where they grew up.
"To help achieve this, powers were given to local authorities to charge a premium of up to 300% on top of the normal council tax rate for those who own a #SecondHome in #Wales.
"It has become a thorny issue, especially in coastal areas and beauty spots along the west coast.
"Cyngor Gwynedd has long been accused of 'playing Russian roulette' by holiday home owners and tourism boards after it imposed a 250% premium on council tax for these properties.
"Earlier this year, it went a step further and announced plans for any new second homes to be subject to planning consent, with these rules coming into force on 1 September.
"It argued that the area faced a 'huge #HousingCrisis', with many young people backing the move, saying #wealthy second home owners were pricing them out of the market."
Read more:
https://www.bbc.com/news/articles/clyl52jz73vo -
Second homes for sale treble after council tax hike
by Gareth Pennant
September 6, 2024"New rules were introduced by the #Welsh government with the aim of making it easier for people to afford homes in the area where they grew up.
"To help achieve this, powers were given to local authorities to charge a premium of up to 300% on top of the normal council tax rate for those who own a #SecondHome in #Wales.
"It has become a thorny issue, especially in coastal areas and beauty spots along the west coast.
"Cyngor Gwynedd has long been accused of 'playing Russian roulette' by holiday home owners and tourism boards after it imposed a 250% premium on council tax for these properties.
"Earlier this year, it went a step further and announced plans for any new second homes to be subject to planning consent, with these rules coming into force on 1 September.
"It argued that the area faced a 'huge #HousingCrisis', with many young people backing the move, saying #wealthy second home owners were pricing them out of the market."
Read more:
https://www.bbc.com/news/articles/clyl52jz73vo -
For those not familiar with #OctaviaButler's #ParableOfTheSower, here is some of the plot (via Wikipedia):
"Beginning in 2024, when society in the United States has grown unstable due to #ClimateChange, growing wealth #inequality, and #CorporateGreed, Parable of the Sower takes the form of a journal kept by Lauren Oya Olamina, an #AfricanAmerican teenager. Her mother abused drugs during her pregnancy and left Lauren with "hyper-#empathy" or "sharing": the uncontrollable ability to feel the sensations she witnesses in others, particularly the abundant pain in her world.
"Lauren grows up in the remnants of a gated community in Robledo, California, twenty miles from Los Angeles, where she and her neighbors struggle but are separate from the abject poverty of the world outside. Outside of the community are numerous #homeless and mutilated individuals who resent the community members for their relative affluence. Public services such as police or firefighters are untrustworthy, exploiting their positions for profit and making little effort to help."
https://en.wikipedia.org/wiki/Parable_of_the_Sower_(novel)
#ACAB #IncomeInequity #Futurism #Afrofuturism #UnitedStates #Dystopia #DystopianNovel
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conclusion: the rich are used to getting richer and when that doesn't happen as quickly as they think it should, then they start saying the economy is "bad".
What is good for Wall ST is not actually good for Main ST!
#incomeinequity
https://www.vox.com/money/23770003/economy-job-market-rich-poor-middle-class-stocks -
No pensions anymore and the stock market decimating the 401Ks. Yup, retirement these days is out of reach for many of us
#incomeinequity
https://thehill.com/business/personal-finance/3991136-nearly-half-of-baby-boomers-have-no-retirement-savings/ -
You're not crazy: It doesn't just SEEM like new cars are out of reach. They ARE out of reach. Basically, only the rich can afford cars less than 10 years old now.
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THIS is healthcare in America: best care in the world if and only if you can afford it. Got insurance? Rest assured, they will find every possible loophole to keep from paying up
#incomeinequity -
The value of city life varies according to your income
#incomeinequity
https://phys.org/news/2023-01-urban-elites-seize-benefits-big.html via @physorg_com -
What getting a title does...
#incomeinequity
"...firms avoid paying for over 151 million employee-hours by strategically using managerial titles." ... "It costs the average affected employee $3,194, or 13.5% of their total salary."
by @JuddLegum -
"In a staggering example of economic parasitism, these companies trick people into paying for a service that a civilized government should provide for free, and then take that money and block any proposals to set up a free service."
#incomeinequity
https://www.theatlantic.com/ideas/archive/2023/01/faroe-islands-denmark-tax-system-america/672401/ -
Federal money is designed to help those who cannot afford to rebuild, not assist in increasing the value of the property values of the 1%
#incomeinequity
https://politi.co/3YPSqux -
The real story is that loopholes in the tax code need to be closed so "...wealthy tax cheats—hundreds of partnership interests, highly-questionable deductions, and debts that can be shifted around to wipe out tax liabilities” can no longer be used
#incomeinequityhttps://thehill.com/policy/finance/3784189-how-trump-paid-0-in-income-tax-in-2020/