PROPERTY TAX TO GO UP, NOT DOWN?

I reckon that the government will slap a major new tax on property.
Property is the cause of the Credit Crunch, so why not tax it to pay back the billions that the Bank of England has forked out.
After all, banks are going to make even bigger losses now that property is falling so fast.
In France, VAT is payable on all property sales.
That would make stamp duty look like peanuts.
£200,000 billion of Bank of England debt needs another £10,000 from every taxpayer to fund it.
Watch this space (the space being the budget).

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