What is the real issue with taxes ? More cuts mean less money for public services. So, who exactly is Rishi Sunak appealing to with his tax cutting manifesto? In MetroTalk , a reader has written in, suggesting that it’s not about whether taxes are too high or too low. They think it’s time for the government to address the real concern: distribution.
Do you agree? Meanwhile, tory tax scaremongering, childish Euro victory celebrations, fourteen years of austerity, the international love life of Nigel Farage, and one commenter shares their views on steamy period drama Bridgerton – is it too horny? Share your thoughts on these topics and more in the comments. The problem with taxes isn’t that they’re too high or too low – it’s that they’re distributed wrongly. People who work are taxed much more than people who passively invest, so the top one per cent can buy up shares and property and watch their profits roll in, while the people who are actually keeping the country running are left with barely enough to get by.
This is why we need to tax the accumulation of money: wealth taxes, capital gains tax, etc. These taxes basically only apply to very wealthy people anyway, who already have more than they could ever need. Most of us will end up better off, not least because we’ll be paying less in rent once property taxes make being a landlord a less attractive prospect.
Plus, taxing wealth will take money out of dusty old bank accounts and use it to stimulate sustaina.