zlacker

>>fortra+(OP)
The British government closed this loophole because it's politically easier than the strategy which is actually needed: properly taxing assets.

This is much harder to evade - if you own most of Mayfair, you can't just move your assets elsewhere - they are very clearly tied to the location.

Of course, this would mean taxing powerful aristocrats, including the royal family. With their large majority, the British government had the opportunity to do this, but decided to take an easier path. The reason why this path was easier is now becoming clear to them.

>>bashto+T2
The real solution to the UK’s stagnation is accepting the truly politically difficult truth - the UK is getting poorer, year after year. The empire is long dead and gone, and their number 1 growth company and success story of the last decade is OnlyFans, a global smut purveyor.

The UK needs to radically reduce its social safety net and simultaneously cut taxes, at least for new companies and small businesses. The only way out is real, sustained, long term growth and innovation. Stealing ever more of a shrinking pie is already running out of steam.

>>monero+m5
Why do so many people think that cutting social safety nets is a cheat code?

With the exception of certain pension benefits there isn't much money flowing into these programs to begin with.

>>imtrin+i81
Its so stupid.

There are loads of people not participating in the economy because they do t have money, just give them money to spend.

The multiplier effect means it pays for itself.

Doesn't apply to the super rich where the money is just hoarded.

>>stuaxo+JJ1
This is an ignorant and totally misinformed take on how the economy functions. Giving people money will not create a sustainable economy