The Rest Is Money 69. Does debt really matter?
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Jun 23, 2024 Debating the importance of debt in financial decisions and its impact on long-term well-being. Analyzing national debt's effect on public services and economic growth. Discussing the implications of capital gains tax on residential properties and exploring housing policies. Touching on EU-UK trade deals, defense capabilities, Brexit's impact, increasing tax burden for public services, and leveraging AI in businesses.
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Debt's Impact
- National debt matters, but there's no magic number for affordability.
- High interest payments on debt divert funds from public services.
Capital Gains Tax on Primary Residences
- Capital gains tax on all residential properties could generate revenue, but it's impractical.
- It would hinder the housing market and discourage downsizing.
Incentivizing Downsizing
- Incentivize downsizing by offering tax breaks, like waiving stamp duty on smaller homes for downsizers.
- This could free up larger houses for families and alleviate housing shortages.