Ed. IB haven't thought that through. However, a number of points to note:The tax system is wrong - perhaps the starting limit for income tax is too low, a review of tax subsidies for carbon producing industries is also needed.Not all home owners are wealthy and not all those renting are poor. The model is more complex - some people make a choice to rent, others to purchase their homes; ok, I'd accept there are some - probably a significant number - who are too poor to ever consider purchasing a home.The whole tax and wealth system is complex - and wealth is relative. The issue is we need to implement changes to stop the climate emergency; some home owners may not have the spare wealth to pay for it, others will need encouragement. Something more subtle than the IB demand is needed.
Michael Ixer ● 1567d