From The Evening Standard:
The majority of council services are funded by government grant, not council tax. As such, the private property [i.e. incomes] of our poorest citizens is taxed to fund free services for some of the world’s wealthiest landowners.
Far from heading to Scotland, revenue from a mansion tax would only partially offset the public spending that pours into London infrastructure and services, feeding into high rents and house prices. In an ideal world, we’d abolish central government grant funding for all but the poorest areas, but a mansion tax is a step in the right directon.
Joe Momberg, Young People’s Party