Attention Economy


Wednesday, August 30, 2023

UK Policy Debate – Wealth versus Income Taxation

The UK’s tax system entrenches inequality, stymies growth, and rewards a few at the expense of the many.
https://www.newstatesman.com/politics/economy/2023/08/britains-great-tax-con
One part of the country has lived through an asset boom. The other is living on wages that have not risen in real terms for 15 years, since before the 2008 financial crash. For those with assets, the crash is a distant memory. London house prices have risen inexorably since 2010, by 31 per cent after inflation. The FTSE 100 is 58 per cent higher after dividends. Real average weekly pay is, meanwhile, no higher today than in July 2006. Those who live in Asset Britain have no idea what Austerity Britain is like. 

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