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Escapee · 08-07-2024, 20:32

Forget taxing the rich, it's never going to happen.

The only way to guarantee that the tax can be collected is by taking it at source, which is what PAYE does. It's far easier for the rich to be portable, hit them with big tax increases and they will be off to somewhere that's less of a communist state just like they did in the 1970s.

The only guaranteed way of raising more tax is to screw those in the middle, who are generally the ones that have taken risks to have that success.

My wife would pay tax twice on the money she earns abroad if she brought it into this country.

08-07-2024, 20:32	#46
Escapee cf.mega poster Join Date: Jun 2003 Location: This Planet Posts: 4,028	Re: Your predictions under Labour Forget taxing the rich, it's never going to happen. The only way to guarantee that the tax can be collected is by taking it at source, which is what PAYE does. It's far easier for the rich to be portable, hit them with big tax increases and they will be off to somewhere that's less of a communist state just like they did in the 1970s. The only guaranteed way of raising more tax is to screw those in the middle, who are generally the ones that have taken risks to have that success. My wife would pay tax twice on the money she earns abroad if she brought it into this country.