We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Marcus sort code.
Comments
-
france has comparable tax levels to the UK. so that's very much consistent with my point that people move to major economies, with comparable tax rates, not to tax havens.
people who have assets, as opposed to being top earners, will, even if they go, leave their assets here, or in other major economies, because there are hardly any assets located in tiny tax havens. so we can still tax them.
your suggestion that high rates of income tax are the reason the UK economy had serious problems in the 1970s is frankly absurd. we had similarly high rates of income tax in the whole period from the 1940s to the 1970s, which includes the 2 or 3 decades in which capitalism worked best, in the sense that it had benefits that spread to just about all of the population.
the current version of capitalism is failing. most people are getting poorer. a few people are getting much richer. something needs to change, radically. corbyn's labour is the only major political party in the UK making any attempt to address those problems. the rich people who rail against corbyn are just trying to grab even more wealth, even as that hurts most other people, and makes the whole economy more fragile. i might have more respect for them if they had some alternative plan for how to reform capitalism, curb the excesses, spread the benefits wider, etc; but they don't. corbyn is the only game in town.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards