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Tuesday, 29 August 2023

Tax the super-rich


I get fed up when Labour does not show leadership. The last big example was throwing Sadiq Khan under the bus about ULEZ when the simple counter argument is to ask people how much pollution is acceptable.

Another example is a promise not to tax the rich. A message to tax the rich is going to be viewed as a tax on aspiration as many work to be better off. While it will reassure many high earners, there would be no problems at the ballot box by promising to tax the super-rich. Such plans could be presented with a commitment not to raise taxes below a certain threshold at the same time. I think that this has been another opportunity lost to lead.