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There are valid arguments to reform council tax (and stamp duty) with some sort of land value tax. A lot of other countries have something similar. Which is much easier to administer than a ‘wealth tax’ which has the effect of driving off wealth and therefore the tax base.

Damn, you just wrote the next Green Party manifesto in 2 paragraphs! 😂

Rich people basing themselves in the UK is a net positive. Again, the top 10% of taxpayers account for 60-70% of our tax revenues. If the ‘wealthy’ are paying a higher and higher percentage of tax revenues, the issue isn’t the Why has wealth inequality grown? 1) we’ve hollowed out our...

It’s a career ender. The best thing for Lampard’s career is to take us up because if we get relegated, it doesn’t go against him. Much like McKenna’s reputation at Ipswich is intact despite going down without much of a fight. West Ham are a big club but they have delusions of grandeur. They...

Exactly. One thing Gary Stevenson omits is when talking about this tax regime is that most of the ‘loopholes’ have been closed e.g. benefits in kind were tax-free and companies could give interest free loans to executives and so on. A wealth tax is based on bad economics and A-level logic...

Billionaires/multi-millionaires don’t get rich by earning an income. It’s all in assets and the wealth is in many cases ‘paper value’. For example, Elon funds his lifestyle by taking loans out with his shares as collateral. The idea of taxing ‘assets’ continuously is pretty pernicious and...

… Maybe I got to see Oasis at the Ricoh way back when which has been my copium since missing out on the tour this year.

“Wealth redistribution” in this context doesn’t mean a direct transfer of ‘£xxx’ from one group to another. The vehicle for ‘redistribution’ is public services; social housing, schools and healthcare (you get the picture). If you don’t use public services often, you don’t feel the benefit. For...

Given the demand for Oasis tickets, this would be fantastic!

I wonder what agenda ‘Tax justice’ is peddling here… 🤔 It’s not a myth and the piece hasn’t debunked the numbers at all and its main conclusion is: ‘it’s only 1% of millionaires so tax them anyway’. That’s the actual argument so run with it rather than misleading the audience saying the 10.8k...

The Top 25% of earners make up and the ‘top 1%’ are paying a higher % of tax revenues that in the 1970s. They are paying their fair share and an ever increasing share of tax revenue. This sounds good but, it puts public finances in a precarious position as it’s reliant on a v narrow tax base...

There some contradictory electoral coalitions out there… None more so than a Corbynista ‘Jezbollah’ party with pro-Gaza independents! 😂 He’s been at their conferences / events lately, didn’t realise this was new information!

We don't have economic growth and the country doesn't feel prosperous... It tracks quite well with declining GDP per capita.

Happiness and a prosperous society go hand in hand... Most people just want enough money to buy a house, run a household and start a family. Particularly the latter is seem out of reach for many ordinary people which fuels our tanking fertility rates and exacerbates our future demographic crisis.

The fundamental problem the country has is the lack of economic growth. It's fairly basic economics that a historically high tax burden is not conducive for growth. Previous governments have actually raised more revenue when cutting some taxes (notably, Osborne cutting corporation tax increased...

The main driver for public spending increases was giving the public sector workers pay rises and frankly, its caused a significant black hole in the public finances. Right now, the Chancellor is struggling to actually pay for this because the bond markets are noticing and the cost of borrowing...

This narrative is hysterical, frankly. Reform's flagship policy on tax was to increase the tax-free threshold to £20,000 from c. £13,000. Which is a tax that benefits everyone but helps lower income people the most. For example, an individual earning £30k will go from having around 55% of their...

If we stop the clock, we can call the game on 90 minutes after the ball goes dead.

Our debt repayments are projected to be £105.2bn (OBR) this year, some forecasters have this at £160+ bn. 2025-26 the OBR predicts £111.2 bn. The problem here is that if you don’t manage public debt, this pot of spending grows and if interest rates go up (which they are) or your credit rating...

The Tories objectively have a better record on diversity than Labour and 'the left' can't stand it. In fact, the tory membership have backed two female candidates back-to-back... Personally, I like Kemi, is a decent leader of the Tories and in ordinary times would probably poll v well. Right...