Labour CAN raise tax, if… | UK Politics | The New Statesman

I am looking forward to independence 🏴󠁧󠁢󠁷󠁬󠁳󠁿

Define what child poverty means in the Uk in 2025.

The Labour Party needs your money and you WILL give generously.

It is quite straightforward. We are living beyond our means. We need to cut expenditure.

i dont mind paying more tax if the government can cut my rent. but more taxes on the wealthiest is a must.

I think Starmer is a very cynical person. What he might do is to raise income tax on work now and when the election comes a few years down the line he will propose wealth tax and the lower the income tax back to where it is now

Wealth tax now!

Short term…. yeah, right mate!

Hair brush

Taxes will rise, guaranteed. Services will improve, not guaranteed! Debate over in 5 seconds!!

First… explain what taxation does and what it does not do. It removes money from the economic system. Why? To pay the interest on the national debt? What debt? The issuance of new money into the economy by the Bank of England, on the instruction of the Chancellor. The government creates new money constantly, out of fresh air. So, no money tree required. Taxation controls inflation,, by controlling the amount of money in circulation, by way of ensuring that it isn't diluted to the point its perceived value is undermined. So, does tax pay for stuff besides that? No. It is removed from circulation and pays for the interest on National Debt at the base-rate, whereupon it ceases to exist. So, need we pay back National Debt for a healthy economy? Heaven help us, no! Debt, National Debt IS the money in circulation. WE issue it and we pay the interest back to OURSELVES. It's an accounting mechanism, not debt as we, the public, understand it. In fact, the very last thing a government ought to do is to reduce the National Debt, if it's trying to stimulate the economy. So, how the heck…? Taxation is an amazingly versatile tool. It can adjust how an economy functions. It can redirect the money flow by removing money from dead ends, in the form of taxation, where it sits doing nothing and reissuing it as new money to those places it is most needed. Tax needs withdrawing from the places and individuals who have the most of it, in simplistic terms. This doesn't remove the capability to accrue wealth, but makes it harder to do and keep. The intention being that this money is instead invested in industry and beneficial schemes which work for the many, not merely the few. A way of getting the national cash-flow back into action, not to kill it off through inaction.

People on benefits think the quality of free services are more important than taxs. I'm really surprised. Working people are less important as labour voters then those on welfare. The idea that working people are incentivised by person gain seems to be unthinkable. I wonder why the economy won't grow.

If you remove money from the economy how do you get it to grow?

Looks like voters will forgive broken tax promises, but not failing to fix the broken NHS.

We have the highest taxes since WWII AND a massive deficit. We don't have a tax problem, we have a spending problem. The Labour Party is ideologically incapable of dealing with this. They can only raise taxes, this creates inflation, this increases unemployment, this increases deficit, this pushes up borrowing cost, overall makes no extra money.

Tax the wealthy. During the golden age of post-war capitalism taxes were as high as 90% because it was understood that wealth was the creation of a well-functioning society, not the fiction of a heroic entrepreneur who received no help or support from anyone. But then the generation that benefited the most from that set-up decided society didn't exist and destroyed the social order that made their affluence possible.

Raise taxes yes…on billionaires and foreign corporations. Not on me or ordinary people.

No more taxes, you only waste it on immigrants.
Also where do you poll people, no one i know has ever done one

The rapidly reducing middle-class labour base will tolerate tax rises.
As the middle class dwindles, so does support for labour.

No we do not.

Good grief this person has created a system that is so confusing he has confused himself. The only thing people care about is housing and nothing else. Shelter is the most important human need after water and food..

The zombie-idea of taxing the very rich just won't die. My problem with this is not ideological, it is practical. Everything the very rich use belongs to companies they are shareholders of, all the money they spend is ‘technically’ “borrowed” against company assets, or even against the value of not yet realized ideas. What someone like Musk or Bezos or Gates of Ratcliff actually “owns” as a taxable private citizen or permanent resident is surprisingly little. And while it is probably true that the risk of someone leaving the comforts of the posh suburbs of London or Paris or Geneva is much lower than the ideological opponents of wealth taxes make it out to be, moving the fiscally vulnerable entities out of the reach of the British (or French, or Swiss, or …) authorities is much easier. Simply because there will always be countries that will want to attract this money and will offer favorable terms to do so..