While the British left is buried in factional debate, Reform is rapidly securing a foothold in former socialist heartlands across the country — paving the way for a nightmarish far-right takeover of the British state.
You could also apply the only truly fair tax: VAT.
Sales tax are great because they don’t care where the money is coming from: if you can blow a lot of it, you pay a lot of taxes. If you can’t, you don’t. Very fair.
As for imported goods and services, apply duties to collect the money as if it was sold locally.
Finally, if you think taxing rich people enough will drive them away, consider this:
The rich keep saying that so local government don’t dare tax them, but in fact not that many follow through an actually pack up and leave.
If they do want to leave, good riddance: they’re not contributing anything to the economy anyway, and they won’t be taking their local brick-and-mortars with them. If they don’t have business physically in the UK, double-good riddance.
Wut. Poor people spend more of their money so have to pay a higher proportion of their income in things subject to vat.
You can raise far more money from taxes than what a set out, but it involves taxing “ordinary people” more. This is exactly the current debate in the UK. The point is, if you want to raise a lot of money to truly solve poverty, you can’t just tax the very rich; you also have to tax the merely comfortable.
I actually agree that this is probably the right thing to do, but it’s extremely unpopular, because the merely comfortable are taxed quite highly by historic UK standards.
You could also apply the only truly fair tax: VAT.
Sales tax are great because they don’t care where the money is coming from: if you can blow a lot of it, you pay a lot of taxes. If you can’t, you don’t. Very fair.
As for imported goods and services, apply duties to collect the money as if it was sold locally.
Finally, if you think taxing rich people enough will drive them away, consider this:
Wut. Poor people spend more of their money so have to pay a higher proportion of their income in things subject to vat.
You can raise far more money from taxes than what a set out, but it involves taxing “ordinary people” more. This is exactly the current debate in the UK. The point is, if you want to raise a lot of money to truly solve poverty, you can’t just tax the very rich; you also have to tax the merely comfortable.
I actually agree that this is probably the right thing to do, but it’s extremely unpopular, because the merely comfortable are taxed quite highly by historic UK standards.