Dan Neidle: ‘A UK wealth tax wouldn’t work’ (www.ft.com)

submitted 2 months ago by NotACube@feddit.uk to c/uk_politics@feddit.uk

4 comments fedilink hide all child comments

Unpaywalled archive link: https://archive.is/ms1Dl

He argued that council tax, business rates and stamp duty should all be abolished and replaced with a land tax “that would actually act as an engine for growth” and supported former Conservative chancellor Jeremy Hunt’s desire to end national insurance, describing it as a “dumb form of income tax” as it did not apply to income from savings, investments, property or retired people.

“Any of these things could be looked at by a reforming government and I believe they would all drive growth, they might even raise a bit of revenue, but the main game should be growth. One per cent on UK GDP is worth way more than mucking around with pension tax here or there.”

you are viewing a single comment's thread
view the rest of the comments

[-] flamingos@feddit.uk 13 points 2 months ago

Guys, we can't introduce a wealth tax, all the right people will just leave. I mean look at Switzerland, they've had a wealth tax for centuries and if there's anything they're lacking it's rich people.

this post was submitted on 03 Sep 2024

11 points (92.3% liked)

UK Politics

3066 readers

102 users here now

General Discussion for politics in the UK.
Please don't post to both !uk_politics@feddit.uk and !unitedkingdom@feddit.uk .
Pick the most appropriate, and put it there.

Posts should be related to UK-centric politics, and should be either a link to a reputable news source for news, or a text post on this community.

Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.

If you think "reputable news source" needs some definition, by all means start a meta thread. (These things should be publicly discussed)

Posts should be manually submitted, not by bot. Link titles should not be editorialised.

Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.

!ukpolitics@lemm.ee appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(

founded 1 year ago

MODERATORS

tom@feddit.uk

GreatAlbatross@feddit.uk

flamingos@feddit.uk