Tax reform

We have a problem in this country of 2 decades of wage stagnation whilst housing costs, energy costs, water, council tax etc have kept going up
Which is largely a result of 2 things :
"Levelling up" where other countries are enjoying better living standards. And part of that is less exploitation as ethics influences businesses via customer pressure.
Worse exploitation where customer pressure isn't happening. For example, most of our consumer electronics are now made in virtual slave camps in China.

We now have a situation where people’s wages are too low to live on……that’s the real problem.

What we need is higher wages for ordinary citizens not higher taxes for the wealthy.
Have you heard of "markets" ?
We are, wether we like it or not, part of a global marketplace now. That means that for many things (see above about electronics & China), a UK manufacturer cannot compete on price while paying a decent wage. Similarly the way Amazon is winning the race to the bottom. Hands up who's bought stuff from Amazon "because price" - if you have, you are part of the problem.
I don’t understand why so many working people get tax credits…..isn’t that just subsidising employers
That is certainly a valid description. One way to fix that is to force decent wages for all - for example by increasing the minimum wage, and measures to stop exploitation by zero hour contracts and forcing "employees" to describe themselves as contractors (Anazon again, but they are far from being the only ones).
Increasing the minimum wage immediately makes UK manufacturing less competitive in the world market. Fixing zero hours is very difficult as that wsy of working does suit some classes of worker.

But, having said all that, for the older ones among us - look back a few decades and be honest. Apart from housing, most of what we can buy these days is much cheaper in real terms than it used to be. Remember when TVs, washing machines, vacuum cleaners, ... well most appliances were expensive enough that we'd have them repaired - not just chuck it and buy new ? Written as someone who's just finished putting the tumble drier back together afyer a near full stripdown to get at the £2 motor cap - I've extended the wires so it's easy to change next time, this is twice in 8 years.
 
You couldn't be more wrong there.

No I'm not.

It's a property tax

The amount charged varies with bands

Which are supposed to reflect relative values of the houses at a date in the distant past.

Perhaps you wish it wasn't

But it is.
 
err yes, those are all facts...
...
I don’t understand why so many working people get tax credits…..isn’t that just subsidising employers

NO, Tax credits for people who need to earn more. Replaced by univ credit.
It is NOT the employer's responsibility to allow for their personal circumstances.
 
Now, as far as I'm concerned a wealth tax is just jealousy,
I would be grateful if you could explain the following:

1) wage disparity

In the 1960s the managing director of a company earned 20x the lowest paid employee
In last few years the managing director of a company earned 250x lowest paid employee.

2) since around 2007 wages for ordinary citizens has stagnated, whilst the wealth of the richest has grown very significantly

3) wealth inequality in U.K. is higher than most equivalent Western economies esp europe

4) living standards for the majority of ordinary citizens in U.K are poor compared to other Western economies.

5) housing is half as affordable as it was 25 years ago.


The other didn't splash out on lavish holidays, bought a "nice" house, paid off the mortgage by the time they retired
Boomers that got lucky and bought a house in the 1980s and have seen it grow in value to over a £million without doing anything.

I accept your point that some people have spent their money on expensive hols, but that ignores the fact people under 40 without a house can’t afford to buy one, simply because house prices have shot up far faster than wages.


The good old jealousy argument is a lazy tired trope.
 
The second line on my council tax bill is for Adult Social Care Precept. Same amount as police and crime commissioner! But goes on handouts to other people, not to keeping us safe or keeping bins collected or potholes fixed
It goes to help pay for the elderly which become frail and vulnerable and depend on social care for help.

Mostly care homes or domicillary care.
 
Totally untrue
It’s totally true

The only people that can afford to get on the housing ladder are those that get bank of mum and dad to give a deposit.

Just 1 in 10 Renters Under 44 Can Afford a First Home, Says Industry Report​

 
It’s totally true

The only people that can afford to get on the housing ladder are those that get bank of mum and dad to give a deposit.

Just 1 in 10 Renters Under 44 Can Afford a First Home, Says Industry Report​

Your link literally drives a hole in your argument.
I accept your point that some people have spent their money on expensive hols, but that ignores the fact people under 40 without a house can’t afford to buy one, simply because house prices have shot up far faster than wages.


The good old jealousy argument is a lazy tired trope.
and here is another one that proves its wrong:

Since 2015, there has been a gradual recovery in homeownership for young adults, rising by 6 percentage points back to 39% by 2022–23, the same level it was in 2010–11. This recovery has also been concentrated on middle-income people. The reasons for the recovery are not immediately clear, though it is noticeable that disposable incomes of young adults have grown markedly faster since 2015 than those of the population as a whole.
 
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