We need more wealth taxes, increased public spending, and wage increases for the public sector and the lowest paid jobs. And we really need to be putting serious effort into introducing some kind of universal income. That’s how you share wealth.
Groan. Western countries have at times used taxes on wealth to enable massive infrastructure development. Straight after WW1 and WW2 almost all Western countries introduced “profit” taxes of 80-90% and increased taxes on the wealthy. It was the only way the UK, for instance, could rebuild after the war and why we have an NHS and used to have a great welfare state.
I don’t actually believe we should tax the excessively wealthy. I think we should take what they’ve stolen over the centuries back into common democratic ownership.
Mansions don’t fall from the sky, they are built. To build a mansion you have to spend money. If you don’t spend your money on a mansion, you can use it for something else, like school uniforms.
And let me just point out the cost of living crisis is entirely artifical. We have enough stuff, the 1%ers just don’t want to share
Cost of Capitalism crisis*
Share what exactly? How do you expect to share a mansion to buy some school uniforms, for example?
We need more wealth taxes, increased public spending, and wage increases for the public sector and the lowest paid jobs. And we really need to be putting serious effort into introducing some kind of universal income. That’s how you share wealth.
You can’t tax wealth.
Wut?
I mean I can’t, you’re right, but the government and HMRC can. If the government actually wanted to.
Taxing wealth doesn’t work and never did. We have a few thousand years of experience with that.
Groan. Western countries have at times used taxes on wealth to enable massive infrastructure development. Straight after WW1 and WW2 almost all Western countries introduced “profit” taxes of 80-90% and increased taxes on the wealthy. It was the only way the UK, for instance, could rebuild after the war and why we have an NHS and used to have a great welfare state.
I don’t actually believe we should tax the excessively wealthy. I think we should take what they’ve stolen over the centuries back into common democratic ownership.
UK didn’t have wealth taxes post war. Because wealth taxes don’t work. Off you go back to school.
Mansions don’t fall from the sky, they are built. To build a mansion you have to spend money. If you don’t spend your money on a mansion, you can use it for something else, like school uniforms.
Yeah, but the mansion is already there and the money went to the builders. So, what’s your plan exactly? Take the money from the builders?
When do you think the last mansion was built?