My point is that (to me) a tax treatment of an income that is 40% more stringent is significant
See my response to GP for further explanation
NB regards condition they are all tip top and in good areas, shoving folk into hovels in poor areas is not my style, even if it is more profitable
That is often the case certainly in the Uk where the public seem to slaver over a 1p tax cut but then moan the NHS/Schools/etc. arent properly funded.
However, we are where we are partly due tot he pandemic and the billions wasted by the government and the hit to economic activity, but also because of a decade of austerity - which saw the lower income people being squeezed to pay for the excess of bankers. Plus of course the richest in society somehow (amazing isn't it) somehow got richer in the pandemic.
Now theres a lot of guff being thrown around by the Tory leadership candidates about tax cuts - Sunak is virtually the only one saying how are you lot going to pay for these promises? - There is also this conventional wisdom that high tax means low growth, which is funny because thats not how the model which Norway and Sweden follow works - high wage high tax economy with very efficient quality public services.
The UK has a very high level of income inequality compared to other developed countries.
The majority of households in the UK have disposable incomes below the mean income (£34,200 as of 2018). This includes wages and cash benefits, and is after direct taxes like income tax and council tax, but not indirect taxes like VAT. The median income has been rising by 2.2% on average for the last five years. Most of this is accounted for by the rise in average income for the richest fifth, which has increased by 4.7%. The poorest fifth, on the other hand, have seen a fall in income by 1.6%.
In 2018, households in the bottom 20% of the population had on average an equivalised disposable income of £12,798, whilst the top 20% had £69,126.
Since 1980, the share of income earned by the top 1% in the UK has generally been rising, peaking to 13% in 2015. This is almost double the corresponding figure for Belgium (7%) and still higher than Australia (9%), Sweden (8%) and Norway (8%), to name a few.
Any government that has presided over that sort of negative change has by any measure governed badly! yet still the mad ****ers vote for them.
By the way the source for this info is The equality trust.
Jeremy Hunt rapidly losing the plot and the ‘election’. Not content with having Esther McVey as his ‘running mate’ he’s now standing on a ticket that includes bringing back fox hunting.
How’s that for appalling judgement?
Reckon Liz Truss has just taken the lead but apparently Rees-Mogg is now considering his options. Talk about tarnished, makes Johnson look like a ‘unification’ candidate.
Between little Ritchie, Truss and Tugendhat at the moment for me.
I see the one you'd never heard of, Suella, is standing. Still more than 50% of the Conservative Parliamentary Quorum seem to be. Tugenhadt has a silly name, anyone supporting fox hunting wants to hunted themselves, Trusses are best used to deal with hernias which leaves Sunak as my favoured choice despite his wife
Johnson not coming out in favour of anyone so as not to spoil their chances - one thing he does know is himself!!
Loads of candidates coming out in favour of abandoning green / net zero strategy - I guess they are all trying to find a different angle, but how the hell do they think that is a good idea
Last edited by Geoff Parkstone; 11-07-2022 at 04:43 PM.
More likely he will sulk, wait until he sees who won, then do his best to sabotage their period as leader, can see another contest before the election.
I reckon Sunak will win it, but who knows we are talking an electorate of over 60, white blokes with above average incomes, so anybody could be in with a shout.