Why won't MPs tax the rich? We asked them – and their answers gave us hope | Faiza Shaheen
www.theguardian.com
Even most Reform voters are in favour of a tax on the super-wealthy. Yet the first budget of the Burnham era looks set to dodge the issue, says Faiza Shaheen, executive director of Tax Justice UK

Truncated the title as it doesn’t give me much hope yet. Until we actually tax the rich, I won’t be happy.

Early indicators are that this Labour administration won’t do it either.

The article effectively says:

  • The ultra rich run the media, and pretend that taxing the rich is a bad thing.
  • Basically everyone wants to tax the rich apart from the rich.
  • MPs and governments are cowards, for the most part.

That’s my read on it anyway.

  • fonix232@fedia.io
    5·
    5 days ago

    Yes, but also not just corruption.

    The rich can throw their economic weight around in a number of ways.

    For example, an employer of 10-50-100k people could say that if certain laws get passed, they’ll simply… stop operating in the country, because losing said operations isn’t as much a loss than what those new laws introduce.

    And politicians do have to consider the livelihood of those people. It’s not like a new company will pop up and buy all the equipment, hire those people, and provide economic stability for 10-100 thousand families. The company leaving doesn’t just mean a drop in tax revenue, but also now up to 500k people are destitute and require government support to survive.