glasshalffull
Well-known member
There’s a fine line to tread on when trying to tax the highest earners and businesses fairly. It’s a global workplace and a global marketplace. The more we tax the highest earners, the less it eventually yields in tax because there’s workers and their businesses go elsewhere.
The top earners pay a high amount of tax proportionately. It’s not as simple as taxing the rich. If only that was the answer. But it isn’t. We need to encourage growth or we go backwards. The ones that bring growth are the investors and the businesses. They won’t invest or expand in a high tax environment. So we are trying to encourage growth via the taxation policies. All this talk about the greedy rich is shortsighted. If you’re gonna live in a country with a modern economy and a capitalist approach, there’s going to be the rich amongst us.
That all sounds very worthy, but the elephant in your room is the level of inequality in the UK.
According to the OECD we have the most unequal society in Europe apart from Bulgaria, and I guess this mini budget might take us to the bottom of the league.