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

JW77
JW77 Online Community Member Posts: 181 Empowering
in People power

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 Online Community Member Posts: 799 Trailblazing

    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.

Categories