The Athenians’ mansion tax
Ed Balls, the shadow chancellor, has said he may support Nick Clegg’s suggestion of a mansion tax. All houses worth more than £2 million will annually pour a certain percentage of that down the Treasury black hole. But how appealing is that going to be? And what if X, whose house comes into the category, believes that his shouldn’t, but Y’s up the road should? Let the ancient Athenians ride to the unhappy Clegg’s rescue. In Athens, the property tax levied every year on the richest 300 was called the leitourgia (‘public service’, origin of our ‘liturgy’). Those liable were worth about four talents or more (that meant 24,000 drachmas — a skilled workman was paid about 350 drs. a year).