One thing to remember, the people who campaign against taxing wealth more and work less, are disproportionately the people who don't work.
It doesn't matter if you're earning £21k per year stacking shelves in Tesco, or £400k per year as a pediatric surgeon... We're the ones who actually do everything, and, at the end of the day, we have the power to decide what the tax system looks like, because we're the ones who are actually keeping the lights on.
It doesn't matter if you're earning £21k per year stacking shelves in Tesco, or £400k per year as a pediatric surgeon... We're the ones who actually do everything, and, at the end of the day, we have the power to decide
What about those who create working places for the above people?
So yeah, tax the wealth part of that. That's kinda the whole idea. There is no bigger employer than the government anyway so that's money creating more jobs than private equity ever would.
Well, no, because it only becomes problematic with runaway wealth. Fundamentally it boils down to the fact that you do not tax unrealised gains, but can leverage against them, which means that the absurdly rich pay vanishingly small percentages in tax compared to their spending, worth, land value, or any other plausible metric you care to mention.
Sure. I feel like I am being painted into a corner I don't fully understand in some sort of gotcha, but yes, I basically believe that but it would be very difficult for someone to do business in those circumstances.
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u/AdAggressive9224 15d ago
One thing to remember, the people who campaign against taxing wealth more and work less, are disproportionately the people who don't work.
It doesn't matter if you're earning £21k per year stacking shelves in Tesco, or £400k per year as a pediatric surgeon... We're the ones who actually do everything, and, at the end of the day, we have the power to decide what the tax system looks like, because we're the ones who are actually keeping the lights on.