I thought the Chapter we read was very dense with information so I decided to find an article which reflected on just a small, but important factor. From what I've gathered, the history of England is predominantly about keeping the monarch's and noble's power in check. With that said, it seems this is not only done so in the political realm, but the economic realm as well. The Liberal Democrats, or the "Whigs", are planning to set out a £4 billion double raid on wealthy people's income. These guys mean business; they are ready to impose a 1 percent levy on the value of homes which are over £2 million. This is expected to help them raise about 2 billion! And it doesn't stop there, the Chief Secretary to the Treasury Danny Alexander is now planning to create two even higher rates for those with homes worth more than 5 million and 10 million. I guess all those Hollywood folks with their beautiful, ginormous flats in Primrose Hill and Mayfair are going to have to start paying up pretty soon!
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