georgenorman
Member
- Country
England
The income tax rate is just one factor.Income tax rates have been much higher previously than they are currently.
I think addressing government wastage and corruption is a huge priority, agree.
People’s standard of living will not improve through just going to work - most people’s salaries nowadays are paid almost entirely to landlords, energy companies and supermarkets - it’s exacerbating wealth inequality, not improving it.
There are plenty of countries with higher tax rates than us with no shortage of rich people. There was a load of fear-mongering when Labour got elected that all the rich people would leave, and it never happened.
Tax thresholds have been frozen for years and will continue to be so until 2029.
Council Tax rises above inflation year on year.
We pay 20% VAT on practically everything we buy.
How do you think wealth is generated?
If people had more money to spend themselves, the vast majority would spend it in far better ways than any government. Of course we should encourage people to work rather than relying on benefits. Work is a positive for the individual, the economy and society as a whole.
(You can't address government wastage and corruption, there is no motive for those involved to do otherwise.)