You are reading a single comment by @Gewürzt and its replies. Click here to read the full conversation.
  • Reeves has ruled out increases to income tax, VAT, national insurance and corporation tax – the taxes on working people, as they put it.

    That leaves taxes on wealth - capital gains, inheritance, and removing further tax breaks for the extremely rich. I have absolutely no problem with any of it and I'm surprised anyone on the left does. The rich have spent the last decade and a half having their tummies tickled while everyone else has watched their quality of life plummet. Redress is overdue.

    I think what's really interesting about it is whether they can prove the hole exists. If so, that means Hunt put tax cuts in the last budget purely as a poison chalice for Labour. It could be a very powerful political weapon in driving home the message that the Tories - even the sensible ones - cannot be trusted with the economy, because they're driven by ideology, culture war, and spite.

  • That leaves taxes on wealth - capital gains, inheritance, and removing further tax breaks for the extremely rich.

    This seems like a no brainier, also changing how council tax is banded so London (and the south East) in general stop being disproportionately under taxed compared to the north.

    There are lots of other ways we should be generating tax revenues before taxing ordinary people more but you can't get away from the fact that we don't tax enough to pay for all the services we need.

About

Avatar for Gewürzt @Gewürzt started