Intending to survive this time of asset strippers
- Oct 12, 2022
So take more in tax from those earning. Then pay that to the middle men (civil servants) so that they can distribute what's left to those not earning.
Honestly, there’s a host of different ways out of our current situation, including horrible unworkable ones.
My personal preference would be for greater focus on taxation of capital gains, and less on income, and/or for wage growth to become a government priority. (Yes, I know this would be inflationary)
The results of that would be a greater tax take, meaning we could pay for public services, and those in lower to middle income having the ability to spend.
What I find unacceptable is what we have at the moment, where incomes are (in real terms) still being lowered (a 10% pay rise is still a real terms pay cut if inflation is 10.4%) to pay for even further tax breaks for capital.
That is what this version of the Conservative Party has offered for the last thirteen years, and even now with a (relative) adult in charge, it is what this government continues to offer. Further benefits to those who have everything, at the expense of the rest of us.