UK govts made the rich richer. Billionaire wealth is 10 times larger than in 1990, built on speculation, inheritance, exploitation & regressive taxation. 16m Britons live in poverty. Real average wage unchanged since 2008. Can't rebuild economy without redistribution. Increase taxes on the rich. - ThreadSky

premnsikka.bsky.social • 10 days ago

UK govts made the rich richer.

Billionaire wealth is 10 times larger than in 1990, built on speculation, inheritance, exploitation & regressive taxation.

16m Britons live in poverty. Real average wage unchanged since 2008.

Can't rebuild economy without redistribution. Increase taxes on the rich.

Comments

argokimetes.bsky.social•10 days ago

'Can't rebuild economy without redistribution'

Exactly Prem. It is the redistribution from the poor to the rich over the last 15 years that has caused the problem. Reverse austerity, restore the cuts increase govt spending to a sensible level and the economy will recover. First step tax the rich.

sel-bsky-social.bsky.social•9 days ago

Remember there was some old jam geezer who said wouldn’t it be better if the rich paid a bit more tax….

man-the-barricades.bsky.social•9 days ago

Money makes money. My mum taught me that.

Our beef is not with govt solely it is with the situation that makes my mum's lesson the uncomfortable truth.

rogersunshinecoast.bsky.social•10 days ago

Amazing so many people living in poverty and yet the UK is 6th richest country in the world. Such an unequal society

vladdrac1917.bsky.social•9 days ago

The system is designed to do this. We need to chuck the system out and build a new one based on need and planetary survival.

myclownshow.bsky.social•10 days ago

It's the same shit here. Every time a republic wins taxes on the rich are the first order of business. 37 trillion in debt and Trump wants more blood.

bleatin.bsky.social•9 days ago

You 'Can't rebuild economy without' an ever cheaper world poor. You can only measure wealth by billionaires NOT THE POOR

robin-debowler.bsky.social•10 days ago

People:
Do not set prices
Do not promote politicians
Do not set tax rates
Do not say what will be taxed
Do not define citizenship
Do not dictate foreign policy
Do not undertake regulation
Do not set interest rates
Do not estimate inflation
Do not print MONEY
What can they do Prem ?

premnsikka.bsky.social•10 days ago

Our predecessors reconstructed commonsense, galvanised and infuriated people to secure a modicum of change by using oratory, leaflets, marches, demonstrations, theatre, plays, music, stories, films, community gatherings, civil disobedience, self-education and more. We can do the same.

robin-debowler.bsky.social•10 days ago

This was when you could vote an alternative politic in to govern your country yes Prem ?.
We can tantrum, scream, cry and denounce to our hearts content but our corrupted and captured two party politic makes all of your suggestions pointless.
Citocracy anybody. ?

argokimetes.bsky.social•10 days ago

We did all those things in the 19th century before there was a Labour party. It won't quite be the same but we will have to just do it again. But I am hopeful a new left wing party is about to arise that will make a difference. The main party in the next coalition govt may be genuinely left-wing.

robin-debowler.bsky.social•10 days ago

I am neither left or right preferring to assess each facet based on its merits. I just want a truthful government and an actual opposition. Or we could just have a Citocracy.

argokimetes.bsky.social•10 days ago

Is citocracy not just a crude spelling of democracy? Or do you see a difference? Like a few people have said in recent years there is an obvious correlation between democracy and socialism. While conservatives naturally favour greater inequality.

thinkitthrough.bsky.social•10 days ago

subtleleash.bsky.social•10 days ago

Need sixties level of taxes on the richest to rebalance society back to pre-Thatcher. The inequality gap is unsustainable and will either result in revolution or full on Fascism.

subtleleash.bsky.social•10 days ago

One hundred percent this.

goff900.bsky.social•10 days ago

QE has been hoovered up up by the rich, plus it’s associated interest cost to the government of the day.

Has made the relative worth of the middle and working classes proportionally lower.

Redistribution is the only fix.

policyskeptic.bsky.social•9 days ago

It is easy to call for a wealth tax. It is hard to do in practice and the best approach (reform property or land taxes) are very unpopular with the middle class as well as the wealthy so nobody wants to push them. Simple wealth taxes are too easy to avoid...

policyskeptic.bsky.social•9 days ago

So some careful discussion of how to fix the whole tax system would be far more useful than a generic call to "tax wealth".

rathfelder.bsky.social•9 days ago

reform council tax. get rid of the reduction for single occupiers. Make the owner, not the occupier liable. Double it for empty properties every year they are empty. Abolish stamp duty.

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