Tax varying powers are already being used in Scotland, the tax burden is already slightly higher, there’s only so much flex in the system.
I wonder how much tax could be gained by closing loopholes, that the super rich take advantage off and capping how much can be spent as ‘expenses’. Oh and if we stopped providing subsidies to private corporations. And forced international (Amazon) to pay taxes.
How does that end up helping the poorest? Take money off the rich and then act like daddy government and give the poor some pocket money?
How about raising the tax free allowance, dos the poor get to keep more of their money
Interesting, I wonder if they would allow the wealth tax to be paid for from money inside of a pension if that person isn’t old enough to access it. And if they would actually value DB pensions accurately compared to DC pensions
Edit: classic downvotes for asking a sensible question
Disagree about raising taxes. How about all the big company bosses paying themselves less and giving their excess wages to the government to pay off debts!
Take back the money that was effectively stolen during covid? 🫢
Those who benefit most from the current system are those who donate a lot of money to the political parties, those who offer jobs to sitting MPs, are friends/family of MPs, or those who control the largest media organisations. Raising taxes and closing loopholes is the obvious solution but any hint that might happen will be swiftly crushed by those who have the most influence. Hell, Sunak and his wife benefited from one arrangement until recently. How can we expect real change when our own PM is happy to exploit one of the loopholes that needs to be closed?
What help is there for people that work full time on nmw? I see all this help for people on benefits which is good but people trying to run a household in 2 nmw salaries or even one I’ve seen aren’t entitled to anything.
We could also cut spending elsewhere to spend more on the poorest, that is also an option
How’s about fuck off. I’m not paying anymore fucking tax.
I think the middle class is already choking with taxes and not much room to breathe
The only issue is energy companies, ofgem and the Tories are in on a racket! Money laundering and causing all of this chaos
The poor don’t pay tax & the rich don’t have to. The burden is always on the middle, who can’t take anymore.
The point is entrepreneurs, rich people, top earners etc know how to avoid paying so much taxes and it’s the middle class who carry the burden all the time. More tax always means more tax on working class people.
Problem is tax raises don’t actually impact the rich, it’s the working class and the lower middle class who end up paying far too much.
Poor demand by STUC. Who will enforce this new tax? Non of the big majory parties want to step on the toes of big businesses.
The demand we need is workers control of the economy. Nationalise profits and if the demands aren’t met then build up for an all out general strike
There’s lots of empirical evidence showing any increases in corporate taxes are mostly shifted onto workers and consumers. Tax incidence is a thing: taxes often don’t fall on those they’re actually levied upon ..
At this point, they really need to start taxing the actual rich, not dumping more on the middle earners who are just about coping as it is.
Isn’t Britain taxing everyone to death, taxes isn’t the answer here, its the laws to avoid loopholes, ensuring that workers can earn a % of profits
19 comments
Tax varying powers are already being used in Scotland, the tax burden is already slightly higher, there’s only so much flex in the system.
I wonder how much tax could be gained by closing loopholes, that the super rich take advantage off and capping how much can be spent as ‘expenses’. Oh and if we stopped providing subsidies to private corporations. And forced international (Amazon) to pay taxes.
How does that end up helping the poorest? Take money off the rich and then act like daddy government and give the poor some pocket money?
How about raising the tax free allowance, dos the poor get to keep more of their money
Interesting, I wonder if they would allow the wealth tax to be paid for from money inside of a pension if that person isn’t old enough to access it. And if they would actually value DB pensions accurately compared to DC pensions
Edit: classic downvotes for asking a sensible question
Disagree about raising taxes. How about all the big company bosses paying themselves less and giving their excess wages to the government to pay off debts!
Take back the money that was effectively stolen during covid? 🫢
Those who benefit most from the current system are those who donate a lot of money to the political parties, those who offer jobs to sitting MPs, are friends/family of MPs, or those who control the largest media organisations. Raising taxes and closing loopholes is the obvious solution but any hint that might happen will be swiftly crushed by those who have the most influence. Hell, Sunak and his wife benefited from one arrangement until recently. How can we expect real change when our own PM is happy to exploit one of the loopholes that needs to be closed?
What help is there for people that work full time on nmw? I see all this help for people on benefits which is good but people trying to run a household in 2 nmw salaries or even one I’ve seen aren’t entitled to anything.
We could also cut spending elsewhere to spend more on the poorest, that is also an option
How’s about fuck off. I’m not paying anymore fucking tax.
I think the middle class is already choking with taxes and not much room to breathe
The only issue is energy companies, ofgem and the Tories are in on a racket! Money laundering and causing all of this chaos
The poor don’t pay tax & the rich don’t have to. The burden is always on the middle, who can’t take anymore.
The point is entrepreneurs, rich people, top earners etc know how to avoid paying so much taxes and it’s the middle class who carry the burden all the time. More tax always means more tax on working class people.
Problem is tax raises don’t actually impact the rich, it’s the working class and the lower middle class who end up paying far too much.
Poor demand by STUC. Who will enforce this new tax? Non of the big majory parties want to step on the toes of big businesses.
The demand we need is workers control of the economy. Nationalise profits and if the demands aren’t met then build up for an all out general strike
There’s lots of empirical evidence showing any increases in corporate taxes are mostly shifted onto workers and consumers. Tax incidence is a thing: taxes often don’t fall on those they’re actually levied upon ..
At this point, they really need to start taxing the actual rich, not dumping more on the middle earners who are just about coping as it is.
Isn’t Britain taxing everyone to death, taxes isn’t the answer here, its the laws to avoid loopholes, ensuring that workers can earn a % of profits