Zack Polanski tells rich Brits to ‘contribute to their country’ through wealth tax
Zack Polanski tells rich Brits to ‘contribute to their country’ through wealth tax
Posted by Council_estate_kid25
Zack Polanski tells rich Brits to ‘contribute to their country’ through wealth tax
Zack Polanski tells rich Brits to ‘contribute to their country’ through wealth tax
Posted by Council_estate_kid25
30 Comments
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.
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’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.
Makes far more sense to tax corporations more harshly over people. The Rich List can all up sticks but their companies cannot if they want to continue making money here.
You can voluntarily give more money to HMRC if you want, they can’t stop you.
How about everyone contributes?
Maybe if people stopped expecting other people to pay for everything and accepted they need to contribute themselves we might get somewhere.
Obviously. If the richest in society actually paid a significant amount of money, all society would be better off for it
And if they don’t want to then perhaps the rich need to be put in their place
A tax on assets over £1M would be a great start. We have too many people who can’t spend their money so they buy assets such as housing or land to silo their money which pushes prices up for everyone else.
Not practical really. We live in an age in which wealth can be moved around far easier than in the past. We also live in a citizen of nowhere age (hat tip to that Marxist, Theresa May). Britain has a very globalised economy, many of our rich folk aren’t even British. So taxing wealth more might bring in some short term extra money but it’s unlikely to be a sustainable policy over the passage of time. After WW2 many rich countries had capital controls so that prevented wealth leaving the UK to another country but if the UK imposed capital controls now (to stop wealth leaving) it would probably have a pretty damaging effect on foreign investment since investors would invest their money into a number of other countries instead. You could probably tax the rich more when it comes to high value property in places like London (there’s good reasons for reducing too much money pouring into London property anyway since the market overheats). But I doubt it would raise transformational amounts over time as over time less money will come into the London property market. Wealth taxes are a relatively short term measure. If the UK wants to reduce its dependence on rich foreigners then fair enough. Tax the rich more. Try and reshape the economy away from an over reliance on global capital and the international service economy. But don’t expect that to simply solve our fiscal problems. Although, you might argue it will create a healthier and more balanced economy (away from London) in the long run.
Wealth taxes will (maybe) provide a one off boost before everyone with lots of mobile wealth leaves, taking their VAT receipts and employer NICs with them.
The truth governments have to face up to is that median and low earners are undertaxed for the level of public services the country demands. All the tax burden RN falls on higher PAYE earners. It’s unsustainable.
nothing but idiots calling for taxes on unrealised gains.
Target the companies like starbucks who pay literally nothing
Giving money to the government to be siphoned off by their cronies is not contributing to the country.
The top 1% pay 30%
The top 10% pay 60%
The rich pay more tax as a proportion of tax rates than at any time.
We have an envy problem. Not a rich problem. If we taxed wealth at 2%, it would soon become 3%. What started at £10m would soon start at £1m. It would creep down and down.
Socialist policies will always win cheap votes. There will always be someone poorer ready to take for free a richer persons wealth. There will always be a politician giving you an excuse to blame someone else (The Right use immigrants, the Left use businessman / Jews / private schools / banks).
A wealth tax is stupid.
How about we just stop wasting money.
Tbh can you blame them? Look at the state of things and how the government currently uses money. They take so much from the middle class and waste it.
Can we just make companies pay their fair share and not allow them to move their profits offshore?
Two main arguments against taxing the rich seem to be:
– What’s ‘rich’?
And
– What if they leave?
But a company like Amazon for example isn’t going to pull out of the UK and give up £20+ billion in profits because they have to pay £2 billion in tax – and they’re using loopholes we allow to exist (and you could argue they’d be foolish not to).
They can make statements on their website about how they contribute to the UK economy with warehouse jobs where they treat people like shit all they want but those jobs would still be there if they paid their fair share.
**Multinationals are legally avoiding tax that accounts for the cost of the whole health service each year** (*£274 billion avoided vs health service budget of £277 billion*).
Change the system, close the loopholes, fine the hell out of companies who don’t comply.
the US’s model of taxing citizens anywhere is the only real rational one in a world where people and even businesses are hyper mobile.
The whole world would be much better if it moved to that.
The windsor’s don’t so why should the poor wealthy? Silly Plebs
They have flooded this country with cheap labour removing any bargaining powers workers had.