The first is that she will abolish stamp duty. The aim, she says, is to help young people buy homes. What she has very clearly never done is look at the data on what the impact of changes to stamp duty have on house prices. Almost invariably, cutting stamp duty results in an increase in… Read More »Oooookay The post Oooookay first appeared on Tim Worstall.
The first is that she will abolish stamp duty. The aim, she says, is to help young people buy homes. What she has very clearly never done is look at the data on what the impact of changes to stamp duty have on house prices. Almost invariably, cutting stamp duty results in an increase in house prices.
So cutting stamp duty on shares will increase share prices and so increase investment.
The case against the Financial Transactions Tax is proven……
The post Oooookay first appeared on Tim Worstall.
