And before everyone starts yelling – let me quietly point out that if we want any young person to buy property before their parents die something will have to be done to get us out of the absurd inequality house prices have created. It’s either wealth taxes (including, of course, land value taxation) or market failure that will deliver the change. I think that tax is the better of the two options.
Why not just issue some more planning permission chittys to bring their price down? Ritchie does need to understand that more and higher tax is not the answer to each and every question.