Monday, March 20, 2017

UKanians support higher taxes

For decades, UK governments have cut taxes on the rich in order to "encourage growth" (of rich people's bank balances). But it turns out that that is completely the opposite of what voters want:

Increased taxes on wealthy individuals and businesses in order to balance the country’s books have the overwhelming support of the British public, a new poll reveals.

According to a survey by ComRes for The Independent, restoring the income tax rate for those earning more than £150,000 a year from 45p to 50p has the support of 77 per cent of the public, including 76 per cent of Conservative respondents.


Increased rates of corporation tax on the profits of firms from the current rate of 20 per cent to 25 per cent are also supported by 60 per cent of those surveyed. Just 26 per cent disagreed while 16 per cent registered “don’t know”.

Despite this, from 2020, Britain will have one of the lowest rates of corporation taxes in the G20 as the Government intends to cut the tax rate to 17 per cent.

So how do they do get away with this? A political establishment tightly connected to the wealthy, coupled with an unfair electoral system to prevent anyone actually representing the people from gaining power. And so the UK is governed by and for the interests of the ultra-rich, and the views of the majority are ignored.

Meanwhile I'm wondering whether there's any similar polling in New Zealand. And if not, surely the labour Party shoudl be doing some?