Hey man, if people would stop buying their mocha lattes, internet, phones, computers, and netflix, they could save so much money that they could upgrade their carboard box in the park to a carboard box mansion! /s
You've not gone far enough, they need to give up the Avocado on toast for any chance of that happing. /s
In all seriousness though, I think the current generation of 20-30 yo are increasingly giving up on any plan to buy a house, ever. They are making the decision that even with sacrifices it's unattainable, and so they just want to enjoy themselves. And eat the avocado on toast.
Consider yourself lucky you're not across the sea in the Netherlands. Inflation is 14%+ and household purchasing power is below the level it was 20 years ago.
I'm not so sure, there are more "shy" conservatives than people realise. Moving towards the centre will stabilise the party, and if they do loose the next election there is an inherent culling of the current crop of right wind MPs.
The likely hood is that, if Labour win, they will be faced with such a mess that they will struggle to make the necessary improvements. The conservatives, will move towards the centre, and with the right leader could regain power after a single term out.
The left is fragmented (party wise), the right is not. Labour will always have an uphill battle unless we have electoral reform.
This is such a simplified viewpoint. The UK has never been able to collect more than 39%-40% of GDP in taxes. And that's what the level is at now. Already everyone is paying as much tax as in history. (and the "rich" pay a lot of that, remember you pay £0 tax under £15,000 income per year).
You can try and tax more, but it's highly unlikely to work based on past experience. And in these cases, like with corporation tax, usually the government actually collects more tax revenue at 20% than at 30%. So again, I'd prefer factual taxation, not virtue signalling.
If only there was some form of large market close by that the UK could be a member of so that the UK could trade with them in a frictionless manner and expand the economies of both areas through trade. That would increase the GDP and hence the amount of money the government could have available to it through taxation.
But I don't think there is anything like that around. I mean, if there was, why the hell wouldn't they be lining up to become a member of it? There's only upside there.
> This is such a simplified viewpoint. The UK has never been able to collect more than 39%-40% of GDP in taxes. And that's what the level is at now. Already everyone is paying as much tax as in history.
This has a double meaning: (1) “everybody” meaning the whole body, and (2) “everybody” meaning each tax-paying individual.
The two are not the same: it can be true that the whole body of taxpayers is paying the same amount (proportionately) into the GDP as always, while more of that proportion comes from the lower and middle classes than it historically has.
The same as usually: increase the taxable base, not the tax percentage. Tax a larger base moderately than trying to out-tax the last dribbles of a dwindling, current economy.
To do this, work politically to make it easy and lucrative to do business and increase overall wealth, and make it productive and worthwhile for individuals to get more by working more.
If that’s true, why isn’t that the party line? Every tax-reductionist I’ve heard from talks to the moral crime of high taxation, and the necessity to cut reliance on the government. I have not heard (as a regular person outside of academic circles) any politician argue that reducing taxes will increase revenue. Given how trivial this concept is to validate (cut taxes and see revenue go up) why hasn’t it been implemented?
Justsignedup|3 years ago
samwillis|3 years ago
In all seriousness though, I think the current generation of 20-30 yo are increasingly giving up on any plan to buy a house, ever. They are making the decision that even with sacrifices it's unattainable, and so they just want to enjoy themselves. And eat the avocado on toast.
emptyparadise|3 years ago
zx85wes|3 years ago
ChuckNorris89|3 years ago
odiroot|3 years ago
miohtama|3 years ago
samwillis|3 years ago
The likely hood is that, if Labour win, they will be faced with such a mess that they will struggle to make the necessary improvements. The conservatives, will move towards the centre, and with the right leader could regain power after a single term out.
The left is fragmented (party wise), the right is not. Labour will always have an uphill battle unless we have electoral reform.
akmarinov|3 years ago
cloutchaser|3 years ago
You can try and tax more, but it's highly unlikely to work based on past experience. And in these cases, like with corporation tax, usually the government actually collects more tax revenue at 20% than at 30%. So again, I'd prefer factual taxation, not virtue signalling.
What's the solution here to get more in taxes?
Veliladon|3 years ago
But I don't think there is anything like that around. I mean, if there was, why the hell wouldn't they be lining up to become a member of it? There's only upside there.
hnhg|3 years ago
jwmcq|3 years ago
Easy - increase corporation tax. The main rate has been literally halved over the last 30 years.
woodruffw|3 years ago
This has a double meaning: (1) “everybody” meaning the whole body, and (2) “everybody” meaning each tax-paying individual.
The two are not the same: it can be true that the whole body of taxpayers is paying the same amount (proportionately) into the GDP as always, while more of that proportion comes from the lower and middle classes than it historically has.
yason|3 years ago
The same as usually: increase the taxable base, not the tax percentage. Tax a larger base moderately than trying to out-tax the last dribbles of a dwindling, current economy.
To do this, work politically to make it easy and lucrative to do business and increase overall wealth, and make it productive and worthwhile for individuals to get more by working more.
Glawen|3 years ago
jimnotgym|3 years ago
That should be popular...
thebruce87m|3 years ago
phphphphp|3 years ago
https://www.conservatives.com/our-plan/economy
theironhammer|3 years ago
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