The wealthy would be OK with paying more tax - in fact some are campaigning for it.

JW77
JW77 Community Member Posts: 278 Empowering
in Actions and opportunities

If 'The Rich' support an increase in their tax..
What is government afraid of?

2025.- Millionaires launch battle bus to demand higher taxes on the super-rich

https://www.spottednews.com/politics/millionaires-launch-battle-bus-to-demand-higher-taxes-on-the-super-rich/?fbclid=IwY2xjawJSr8FleHRuA2FlbQIxMQABHQtbhkwCgHnBW0hDppw7g_zxuSVgdjWtKH6_FfTVswwxOANA602ly69kww_aem_YUQFQEU_VUcUFYPCVuQ2Cg

2022… Millionaires ask to pay more tax

https://www.bbc.co.uk/news/business-60053919?fbclid=IwY2xjawJSr99leHRuA2FlbQIxMAABHd93-BJcb8D936zNeMSu9FgumWGpLY35eJ1j2xaj7kme5nYlyYljQeVyTw_aem_eCLN6DQMw79JkJODAh_b8Q

I still can't see this country adopting the 'Nordic Method' and taking note of countries that have high taxes, make it harder for people to become billionaires and actually have very good public services & social housing..

Comments

  • anisty
    anisty Community Member Posts: 862 Championing

    They're afraid of wealthy people leaving the UK to avoid tax.

    And it is difficult to administer because many wealthy people aren't cash rich - their money is invested in expensive art and various assets which aren't easy to value.

    And - taxing the rich has been tried in other European countries and it hasn't worked.

  • Timbo_Guitar
    Timbo_Guitar Community Member Posts: 50 Empowering
    https://forum.scope.org.uk/discussion/comment/1008781#Comment_1008781

    If they're not paying tax what does it matter anyway? Let them leave.

  • Timbo_Guitar
    Timbo_Guitar Community Member Posts: 50 Empowering
    https://forum.scope.org.uk/discussion/132098/the-wealthy-would-be-ok-with-paying-more-tax-in-fact-some-are-campaigning-for-it

    Richard Burgon has a petition on Change.org to tax the wealthy instead of punishing the poorest and disabled. I can't put the link up here for some reason. Perhaps you could put it up here on a separate thread. Over 50,000 have already signed it. We need many more to.

  • JW77
    JW77 Community Member Posts: 278 Empowering
    edited May 2025

    The fact that the highest paying countries have the best public health, public transport etc suggests that it does and can work..
    https://www.millionairemigrant.com/highest-tax-paying-countries/


    But yes, if you allow loopholes, and the minority to own the majority of assets, funds etc.. Then it doesn't work.:)

  • Timbo_Guitar
    Timbo_Guitar Community Member Posts: 50 Empowering

    https://chng.it/yMYLHbTRGZ

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