Never going to happen. If they need more tax income they will come for those earning £50k+ on PAYE. Fiscal drag is doing the hard work for them.
Ornery_Name717 on
Does he pays more than he supposed to be? Lead an example
Blkf1nger on
He ain’t wrong but it’ll never happen; the rich knows all too well how to squander and know how to play the population like a fuckin fiddle. There will be a resource war before the elite pay their dues and what will be left will be dust anyway.
Ufc-bro on
The problem with this idea is that the government spends incorrectly, the system is broken
Wise_Adhesiveness746 on
It’s taken decades of propaganda by the rich to convince,average person this is a bad idea
Worse case scenario,you still pay same tax,and public services improves and austerity ends
Judge-Dredd_ on
The problem is the rich have options and can go and be resident in any country they like. If a country has absurdly high taxes, they’ll just pick another one. There is starting to be evidence that the rich are voting with their feet (and personal jets) and leaving the UK. If we want them to pay tax in this country the tax rates have to be reasonable to them.
The main people tax is hitting is those on £50k to (say) £250k, who are paying higher and additional rate tax. The 40% and 45% tax bands used to have relatively few people in them, but thanks to the failure to increase thresholds you only have to be slightly above average to start to feel their effect, and between about £100k and £145k it is possible you don’t get any real income as a result of loss of personal allowance and various child support benefits
thedybbuk_ on
Just 50 families own as much wealth as 50% of the population.
I always find statistics like this insane – feels like we don’t live under a rational economic system.
zando_calrissian on
I heard somewhere the idea of a a tax privilege instead of a wealth tax. In other words, the country would restrict the rights and abilities of individuals and companies to do trade if they have a history of paying less tax than they should.
Wealth taxes have a history of not working as there’s almost always a way to get around paying the tax.
But by only allowing the sale of a commercial property to a buyer who offers the highest bid and has a history of paying the most tax means paying tax is now incentivized.
ConcertoOf3Clarinets on
Inheritance tax is a wealth tax really. Reeves increased it on deceased landowners and you can see what happened. An outcry. I’d focus on reforming council tax to tax the upper end more.
JFelixton on
I agree in a wealth tax for anyone wealthier than me.
Ldawg03 on
A wealth tax should be implemented but it should be collected through assets like property, land and businesses. Rich people themselves can move out of the country and would avoid paying taxes so this would stop that
drsealks on
I can’t imagine why would anyone take this squeking dude seriosuly. Absolutely delusional lmfao. He was also like: well AKTUALLY there is this amazing group called patriotic millionaires(or some bs like that), who says tax us more please!
Why don’t those oh so patriotic millionaires just pay more volnaturaly how much they think is approprite and shut the fuck up already about this champagne patriotism already.
deyterkourjerbs on
I’m wary of this guy because of how the right amplified Jill Stein (Green Party of the United States) to split out left wing voters.
Full_Employee6731 on
15 million working age people pay no tax at all. Like come on, they can’t do a dozen extra hours a year to contribute to the country? It would equate to raising £2 billion a year. From just non contributors putting in a quarter of a working week in a whole year.
ClacksInTheSky on
Some people just fucking hate tax and think they’re being stolen from, but will be the first to moan at the council or call the police.
15 commenti
Never going to happen. If they need more tax income they will come for those earning £50k+ on PAYE. Fiscal drag is doing the hard work for them.
Does he pays more than he supposed to be? Lead an example
He ain’t wrong but it’ll never happen; the rich knows all too well how to squander and know how to play the population like a fuckin fiddle. There will be a resource war before the elite pay their dues and what will be left will be dust anyway.
The problem with this idea is that the government spends incorrectly, the system is broken
It’s taken decades of propaganda by the rich to convince,average person this is a bad idea
Worse case scenario,you still pay same tax,and public services improves and austerity ends
The problem is the rich have options and can go and be resident in any country they like. If a country has absurdly high taxes, they’ll just pick another one. There is starting to be evidence that the rich are voting with their feet (and personal jets) and leaving the UK. If we want them to pay tax in this country the tax rates have to be reasonable to them.
The main people tax is hitting is those on £50k to (say) £250k, who are paying higher and additional rate tax. The 40% and 45% tax bands used to have relatively few people in them, but thanks to the failure to increase thresholds you only have to be slightly above average to start to feel their effect, and between about £100k and £145k it is possible you don’t get any real income as a result of loss of personal allowance and various child support benefits
Just 50 families own as much wealth as 50% of the population.
https://www.theguardian.com/news/2025/may/19/uk-50-richest-families-hold-more-wealth-than-50-of-population-analysis-finds
I always find statistics like this insane – feels like we don’t live under a rational economic system.
I heard somewhere the idea of a a tax privilege instead of a wealth tax. In other words, the country would restrict the rights and abilities of individuals and companies to do trade if they have a history of paying less tax than they should.
Wealth taxes have a history of not working as there’s almost always a way to get around paying the tax.
But by only allowing the sale of a commercial property to a buyer who offers the highest bid and has a history of paying the most tax means paying tax is now incentivized.
Inheritance tax is a wealth tax really. Reeves increased it on deceased landowners and you can see what happened. An outcry. I’d focus on reforming council tax to tax the upper end more.
I agree in a wealth tax for anyone wealthier than me.
A wealth tax should be implemented but it should be collected through assets like property, land and businesses. Rich people themselves can move out of the country and would avoid paying taxes so this would stop that
I can’t imagine why would anyone take this squeking dude seriosuly. Absolutely delusional lmfao. He was also like: well AKTUALLY there is this amazing group called patriotic millionaires(or some bs like that), who says tax us more please!
Why don’t those oh so patriotic millionaires just pay more volnaturaly how much they think is approprite and shut the fuck up already about this champagne patriotism already.
I’m wary of this guy because of how the right amplified Jill Stein (Green Party of the United States) to split out left wing voters.
15 million working age people pay no tax at all. Like come on, they can’t do a dozen extra hours a year to contribute to the country? It would equate to raising £2 billion a year. From just non contributors putting in a quarter of a working week in a whole year.
Some people just fucking hate tax and think they’re being stolen from, but will be the first to moan at the council or call the police.