Ian Dunt

What about if you did that through tax as well?

So...

When we talk about changing tax, it's not just like this sort of left wing, let's get more money from people.

It's also like, what can we do to make it more transparent and fair?

But the tax system is a complete mess.

The first stage you take when you're changing tax is to reform it from the ground up.

You would basically change the fact that your marginal rate on tax

does not look like a series of steps that goes up as you would expect it to, paying more each time.

It looks like a completely random wave spiking into infinity at certain points around the 100 mark because of taking away of tax relief and because of child benefits.

And then going down, so you basically get someone who's earning 500,000 that's going to pay less in marginal rate than you do someone that's paying 99,000.

It just doesn't make any sense.

Council tax doesn't make any sense.

Stamp duty doesn't

doesn't make any sense.

You're just getting in the way.

Stamp duty is one of those things that just gets in the way.

If a family have just had a kid and want to have a larger house, and an older couple have just had their kids go off to uni and want to downsize to a smaller house, we should not be getting in the way of those assets being in the right hands.

You know what I mean?

That's what you want, assets to move to the people that will most usefully be able to deploy them.

So some duty is a terrible idea.