absolutely. Med-High earners are not the wealthy and already get taxed to the hilt. As much as im a labour supporter they dont have the spine for it and we keep squeezing the middle class down
arabidopsis on
Reduce pip for mental health while boosting NHS mental health by £2bn
That is a really good trade while also boosting employment and health of the UK while reducing a ridiculously high but if the welfare bill.
Noble_Titus on
Hope that they manage to push some more anti-disparity measures as a result of this. Governance is difficult and the boat has been rocking for far too long, so I understand why they might not be able to get better living standards right away and this could be a really good show of solidarity with the British worker.
Hope they show solidarity in their media responses to this because the Tories did not.
Sea-Caterpillar-255 on
After the debacle with farmers being asked to pay just half the rate everyone else pays or the wfp or the “planning bill” recently, does anyone actually think the government could introduce a wealth tax that doesn’t collapse before anyone has to pay?
Minimum-Geologist-58 on
I’m all for wealth taxes and think they could be a very good idea *if* they were part of wider tax reform. Why not abolish stamp duty for example? It’s a ridiculous tax that penalises downsizing, having the temerity to use taxed income to buy a house, especially in London, all kinds of perfectly normal things.
Of course the kind of people who shout about wealth taxes are usually just “I want public services but I don’t want to pay for them. Tax everyone else to shit but me”, rather than having any interest in a sensible and lucrative tax system.
Overall-Lynx917 on
Problem with a „Wealth Tax“ is that for many ordinary people it means the Government is repeatedly taxing the same money.
I work and earn my wages upon which I am taxed, I save money for later in life and I am taxed on any interest earned now the Government wants to tax jw on my savings.
I buy a house with what’s left after my income has been taxed, okay so the value of the house increases but I don’t have that money, I can’t spend it. There will be pensioners in London in houses worth hundreds of thousands of pounds on a basic pension. How do they pay a Wealth Tax? Does the Government just tax them when they die via putative IHT? Why shouldn’t I leave my meagre assets to my children? I’ve already been taxed on it.
There are pros and cons to any tax regime
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absolutely. Med-High earners are not the wealthy and already get taxed to the hilt. As much as im a labour supporter they dont have the spine for it and we keep squeezing the middle class down
Reduce pip for mental health while boosting NHS mental health by £2bn
That is a really good trade while also boosting employment and health of the UK while reducing a ridiculously high but if the welfare bill.
Hope that they manage to push some more anti-disparity measures as a result of this. Governance is difficult and the boat has been rocking for far too long, so I understand why they might not be able to get better living standards right away and this could be a really good show of solidarity with the British worker.
Hope they show solidarity in their media responses to this because the Tories did not.
After the debacle with farmers being asked to pay just half the rate everyone else pays or the wfp or the “planning bill” recently, does anyone actually think the government could introduce a wealth tax that doesn’t collapse before anyone has to pay?
I’m all for wealth taxes and think they could be a very good idea *if* they were part of wider tax reform. Why not abolish stamp duty for example? It’s a ridiculous tax that penalises downsizing, having the temerity to use taxed income to buy a house, especially in London, all kinds of perfectly normal things.
Of course the kind of people who shout about wealth taxes are usually just “I want public services but I don’t want to pay for them. Tax everyone else to shit but me”, rather than having any interest in a sensible and lucrative tax system.
Problem with a „Wealth Tax“ is that for many ordinary people it means the Government is repeatedly taxing the same money.
I work and earn my wages upon which I am taxed, I save money for later in life and I am taxed on any interest earned now the Government wants to tax jw on my savings.
I buy a house with what’s left after my income has been taxed, okay so the value of the house increases but I don’t have that money, I can’t spend it. There will be pensioners in London in houses worth hundreds of thousands of pounds on a basic pension. How do they pay a Wealth Tax? Does the Government just tax them when they die via putative IHT? Why shouldn’t I leave my meagre assets to my children? I’ve already been taxed on it.
There are pros and cons to any tax regime