UK Politics
General Discussion for politics in the UK.
Please don't post to both !uk_politics@feddit.uk and !unitedkingdom@feddit.uk .
Pick the most appropriate, and put it there.
Posts should be related to UK-centric politics, and should be either a link to a reputable news source for news, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread. (These things should be publicly discussed)
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
!ukpolitics@lemm.ee appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(
view the rest of the comments
agree, but a reminder that the top 1% pay 30% of the taxes the treasury receives.
If they have numb non dom then they don't pay tax. Which is surely the point.
Do the top 1% have more or less than 30% of the total wealth?
Far less. In the UK half of all wealth is owned by the top 10% but there is very little concentration in the top 1% compared with the USA and other nations like Italy, Russia and China. Also, the degree of wealth inequality has mostly remained consistent for the last 10-15 years.
Another factor to consider is that for the top 10% (which in the UK you are in if you earn more than £52,000) hold around 50% of their wealth in pensions (which are taxed) and around 32% in properties on average.
Have a look at ONS data to back up what I’ve said. https://www.ons.gov.uk/visualisations/dvc1727/Fig2/datadownload.xlsx
I still do believe that there is a better balance to be found with tax and wealth, but I’m less convinced that the answer is solely based on going after a 0.1% of wealthy.
But we'll just take the next 1% and make them pay 31% of the taxes. Problem solved! /s