The key elements are
- Implement Kenny Report recommendation that the state can purchase lands at 25% above their agricultural value (Think what we’d be saving on McDowell’s new prison in Meath!).
- Implement the 20% rule for social and affordable housing.
- Remove all property-based tax reliefs.
- Abolish stamp duty for older people trading down.
Incidentally, his letter is almost a straight lift from his August 2006 Constituency newsletter recently popped through my letter-box, a fine example of Green Party recycling policy in action.
On a serious note, I'd like to add a suggestion to those outlined above: that the 20% Capital Gains Tax levied on profits generated through the sale of development land should be ring-fenced and applied only to the provision of social and affordable housing.
At least in that way the speculators could be seen to make some contribution to the resolution of a problem they are at least partly responsible for creating.