Politics, politics, politics (so long and thanks for all the fish)

[P.D.]

Drivel, as I've already pointed out, wealth inequality is damaging the economy which in turn damages society, this has nothing to do with 'envy' and everything to do with sound economics and a decent society for our kids to enjoy, the envy sneer is just what right wingers trot out any time someone dares mention taxing the rich a bit more, same as 'they'll all leave!'.

It's not drivel though, there's been loads of reports of millionaires etc leaving. Tax take is already at an all time high and is probably close to the maximum of the laffer curve for most people.

I should say I'm against these type of tax rises but a large reason I'm against it is because I don't trust governments to spend it properly and be accountable for it, I think there'd be less backlash if the government was well run and functioning with a strong track record on delivery and value for money but it doesnt.

 

[Robspur12]

There's not much 'entrepreneurial' culture going on with the people we are talking about. Once upon a time, maybe (and maybe not).

No not everyone can be an entrepreneur but a property tax for example would hit people other than just millionaires to bring in decent money for the treasury. Take a landlord with one property, they have already paid extra stamp duty, seen their mortgage relief cut and are now paying 2% on top of the income tax rates for ordinary working people. Then you have some of the requirements that form part of the Renters Rights bill which are like a tax. Plus you have to pay capital gains tax when you sell the property (something that foreign home owners won't have to). You may be thinking "Cry me a river," you have 2 homes anyway. But It will put people off letting out their properties which will then reduce the available housing. Also a lot of people rent out their properties in lieu of a work place pension.

There are no easy decisions with tax.

Jeez..I've stated we aren't talking about a big group of people here.

So we just go after a few rich people? Sounds great. But how much money would that actually bring in?

I am uncomfortable with a policy which might seem anti aspiration.

 

[MartyFunkhouser]

Wonder what Churchills was?



What was Chruchills