this post was submitted on 22 Nov 2025
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UK Politics

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[–] ExtremeDullard@piefed.social 0 points 1 hour ago* (last edited 1 hour ago)

So, you could do that on income or on wealth.

You could also apply the only truly fair tax: VAT.

Sales tax are great because they don't care where the money is coming from: if you can blow a lot of it, you pay a lot of taxes. If you can't, you don't. Very fair.

As for imported goods and services, apply duties to collect the money as if it was sold locally.

Finally, if you think taxing rich people enough will drive them away, consider this:

  • The rich keep saying that so local government don't dare tax them, but in fact not that many follow through an actually pack up and leave.
  • If they do want to leave, good riddance: they're not contributing anything to the economy anyway, and they won't be taking their local brick-and-mortars with them. If they don't have business physically in the UK, double-good riddance.