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.
The idea that rich people will just “move their wealth elsewhere” fundamentally misunderstands how rich people’s wealth actually looks like. We’re talking businesses, factories and stocks here, so just tax those. It’s very hard to move a supermarket out of the country.
Yeah, stocks, very significantly. It’s really not hard to move that wealth by selling stocks.
It’s not hard to sell the factory you own to a company that isn’t owned by any individual.
It’s not just my uninformed opinion; the forecasts find this too, as does history looking at other wealth taxes. That’s why the idea of the one off tax comes up - experts aren’t necessarily opposed to the idea of teaching wealth in principle.
It’s not hard to sell the factory you own to a company that isn’t owned by any individual.
Sure? It’s not like companies are immune to taxation.
experts aren’t necessarily opposed to the idea of teaching wealth in principle.
“Experts” also tend to be neoliberals more concerned with balancing the budget and increasing GDP than with feeding living breathing people, so I’m not too concerned about what they say.
The idea that rich people will just “move their wealth elsewhere” fundamentally misunderstands how rich people’s wealth actually looks like. We’re talking businesses, factories and stocks here, so just tax those. It’s very hard to move a supermarket out of the country.
Yeah, stocks, very significantly. It’s really not hard to move that wealth by selling stocks.
It’s not hard to sell the factory you own to a company that isn’t owned by any individual.
It’s not just my uninformed opinion; the forecasts find this too, as does history looking at other wealth taxes. That’s why the idea of the one off tax comes up - experts aren’t necessarily opposed to the idea of teaching wealth in principle.
Sure? It’s not like companies are immune to taxation.
“Experts” also tend to be neoliberals more concerned with balancing the budget and increasing GDP than with feeding living breathing people, so I’m not too concerned about what they say.