Quote:
Originally Posted by mrmistoffelees
Why should someone earning over 100k per year have the same personal tax allowance as someone earning less than that ?
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The 100k threshold is a very arbitrary one. The threshold is very punitive when you just go over it so it is not really fit for purpose. It is part of the narrative that the only taxation that should be discussed is Income when so much is gained (by so few) through non-Income sources e.g. asset appreciation, dividends, etc.
Taxation of the ultra-wealthy is one of the things that Labour should consider to fund the required public sector investment but I suspect that, for now, they are too scared viz. not dropping the Ming vase.