"The cost of tax exemption for assets is devastating"
The next prime minister to say this fixes the economy. Go.
this post was submitted on 19 Mar 2025
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UK Politics
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Would you like some Tory Light with your order?
I'll take a main of Labour, hold the Labour and also, could you leave out all left please and add some extra ring wing, thanks!
con pizza with right wing
Good thing we can tax the billionaires then, now can’t we?
I think he’s got the wrong part of devastating.
Cutting the meagre money ~~hundreds of thousands~~ millions rely on to survive and surely causing excess deaths in the process is devastating.
Millions. But yeah agree entirly.
"The cost of 0 VAT on financial services is devastating. "
And only used by the wealthy.
Why should someone who needs an accountants time get it tax free. But needing a plumbers time dose not.
Disabled and ill peons don't hand out shares and consultancy jobs to politicians.
Disability benefit claimants can't fight back with armies of lobbyists and lawyers, like the US based companies such as Amazon and Meta who not only avoid paying billions in tax every year, but get paid by UKgov to "invest in infrastructure" they need to profit from UK consumers.
"The Labour Party" are choosing to take from the poorest and most needy and give it to giant multinationals, as the Tories before them.
Relevant reading, published today 20/03/2025;
https://publications.parliament.uk/pa/cm5901/cmselect/cmtrans/770/report.html
They know being disabled is harder, far more stressful, and more expensive, they simply don't give a fuck.
Edit: They know way more than the horseshit they're feeding us about it, and they refuse to publish the reports that poke holes in their excuses.
Disabled people already don't make enough to live off of,and they can't do anything about it. They already live in poverty, how much do we want to make them suffer?
Going after them and adding more stress is just terrible.
He should be ashamed of himself. He is going to kill people, blood on his hands.
Is there any chance of a rebellion within Labour over this?
With Reform neck and neck with Labour, not a chance. The UK's first past the post system means every lost vote for Labour is a vote for Reform. Labour voters aren't going to risk a Reform government. Of course, the next election is many years away, and much can happen in that time.
Good point. I guess there's no strong unified opposition within Labour on this doing anything at the moment?
They have a far left contingent but they don't have much leverage right now. I think the reality is that the UK's high spending, high historical debt, and already high taxes don't leave much room for pet projects and populist spending. If they increase the deficit they risk credit downgrades and much higher cost of debt servicing, exacerbating their issues during their tenure. If they increases taxes even more, they suppress what little economic growth they're likely to see during their tenure, and risk recessions. Their only realistic path here is very centrist: rein in spending to focus more on infrastructure and R&D. Especially the energy grid, which is fucked. If they plunge the country into recession or make things even worse, they guarantee a Reform government in 2029.
There is a ray of sunshine. I'm seeing really promising legislative changes re planning and zoning. Removing a lot of the red tape and disallowing councils from blocking new developments will allow far more housing to be built. This is arguably the single biggest quality of life issue for Brits. Bringing rent and the cost of ownership down could cement Labour as the next winners.
Thank you for that information. I guess there isn't the simple solution of "tax the rich", because it's more nuanced than that?
So long as that red tape being removed isn't going to negatively affect the environment or anything like that?
There are ways, but they'd be immensely unpopular with the corporate overlords, and thus, aren't an option.
God forbid they close loopholes to stop the exporting of profits to overseas entities, for example. Along with all the other ridiculous tax avoidance wheezes multinationals use to obfuscate their way out of paying their fair share, we could cover the welfare budget twice over and have change left.
This is mostly targeted at NIMBYs who are worried about high density housing hurting their property values. There could very well be environmental impact, though that's not immediately clear. With so many people experiencing housing insecurity, I think the bigger issue right now for them is housing.
For anyone who is dependent on their disability benefit to not be homeless, starving, cold, or a combination of all three, they are making it a lot worse.
Let's gloss over that though, shall we?
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How much does this guy get paid?
You know what costs more?
Plague.
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