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Andy Burnham says MPs are privately urging him to challenge Starmer for Labour leadership (www.theguardian.com)
submitted 1 year ago by to c/uk_politics@feddit.uk
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[–] 3 points 1 year ago (2 children)

We need to get off this constant debt train and improve the woeful productivity levels in this country.

Trouble is, no one actually knows how to do this! I'm aware there are lots of suggestions, of course, but no one knows.

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  • [–] 8 points 1 year ago* (1 child)

    We've done it before; post WWII. How? We taxed the fuck out of the rich, specifically static assets like estates. You can't move land to Dubai.

    We need wealth taxes.

    Marginal income tax rates on the very wealthy were extremely high (often 80–90% in the UK and US). Estate taxes were also heavy, and wealth/land taxes played a role. These were politically possible because of the war consensus and public appetite for fairness and rebuilding.

    Unfortunately the propaganda being pumped at the masses has dulled that appetite.

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