Majority Of Brits Support Wealth Tax On Super Rich
https://www.huffingtonpost.co.uk/entry/vast-majority-of-brits-back-a-wealth-tax-on-the-super-rich-poll-reveals_uk_686d4447e4b09ee5b9c96033
Posted by AnonymousTimewaster
Majority Of Brits Support Wealth Tax On Super Rich
https://www.huffingtonpost.co.uk/entry/vast-majority-of-brits-back-a-wealth-tax-on-the-super-rich-poll-reveals_uk_686d4447e4b09ee5b9c96033
Posted by AnonymousTimewaster
26 Comments
_”Majority support taxing others to pay for themselves”_ – who would have guessed?
Seriously though – we all need to start paying more taxes just to maintain services as they are. With an aging population and failing economy- even that might not be enough.
Majority of Brits support other people paying for things. I for one am shocked.
People have been calling for closing the tax loopholes on big corporations for decades now. no one is surprised it’s finally come to this but I bet the labour party will find a way to side step making the big corporation fair their way and instead target individuals earning way less than what was intended.
Yes, the majority of people can often be stupid. This is a prime example of it.
When even Labour economists such as Dan Neidle state that it is a dreadful idea then those in charge should get the message.
Personally I think it would be hilarious as the fallout would be catastrophic.
In France and Germany, they have laws restricting the amount of dividends given to shareholders. That’s part of the reason they wanted Brexit.
Not sure if this thread is being brigaded by Thatcherite trolls/bots or if the general public is actually stupid enough to believe that wealth shouldn’t be taxed.
So people want Scandinavian type of welfare but not pay Scandinavian type of taxes and instead propose failed ideas like Wealth taxes?
By the time it gets implemented, super-rich will be anybody with a house. But not people with a string of BTL houses, because they will be able to take advantage of a tax avoidance scheme.
The trouble is that wealthy people can move assets abroad. A land value tax is the only wealth tax that would work without having major side effects
In outline alone it seems eminently a sensible proportional idea…
However, a look at the history of taxation over the centuries:
* What started as a temporary tax or tax on the rich invariably ended up a tax on everyone permanently before more taxes were added.
Given the historic track record, I therefore do have unresolved questions concerning this idea and its future?
If you have to work for your money you’re not rich. Yet Labour will find a way to make it an income tax all the same.
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The only realistic tax on wealth is a land tax. Any form of punitive tax on the wealthy will simply result in them leaving.
You can’t fucking funnel all the money to 1% of the population for generations and expect everyone to prosper
Me too. Why do we always choose the option to tax those who cannot afford it?
Get rid of the stupid triple lock too
As much as i support a fair tax system (and it really isn’t fair at this time), i don’t think this wealth tax will work at all and what actually needs to happen is a serious discussion about all forms of tax (not just income tax) and wealth inequality because if this was a game you would need a wipe/reset.
the wealth tax won’t really work because firstly, if you have 2 people, that’s 20 mil and not 10 mil and secondly. How the hell do you calculate current wealth without employing a million people to audit tax returns etc… Self reporting? It just has far too many flaws unless they get the detail really good.
People earning income tax / are on PAYE are paying a fair amount (debateable with brackets, 100k tax trap etc..), probably too much if you look at cost of living etc due to the income tax rate not moving with inflation which has dragged millions into it.
If your super wealthy already your currently just snowballing your wealth. You can have 10 mil sat in a family trust (not touchable by IHT) and if the average stock dividend is 5% you would make 500k a year doing nothing. Your not contributing apart from the capital gains you would pay which is far less than any PAYE worker as a percentage.
the system is broken and the richest have no intention of fixing it for the average worker because.. why the fuck would they? As they say at the end of the big short (film about the 2008 financial crash).
“I have a feeling in a few years people are going to be doing what they always do when the economy tanks. They will be blaming immigrants and poor people “
It must be so much easier to tax the masses. Shame the politicians don’t have a spine.
Majority of people want to win the lottery what a ludicrous question to ask
In other news, the majority of Brits don’t understand economics
‘very nice….now let’s see westminster’s poll results”
Darn right they do. Too longe have they been able to horde and grow fat
Majority of super rich don’t. So not going to happen
If the billionaires leave they’ll also leave their properties and free up the housing market for regular folks. Let them leave, it was never money that made UK amazing
No, majority of Brits don’t want taxes on “Super Rich” (which we don’t have).
Majority of Brits think taxes on “Super Rich” won’t affect them.
It’s never gonna happen. Why would they tax themselves?
Genuine question:
Is there anywhere that a wealth tax has been successful?