Making the news today....

[sime42]

You say that, but ......

[Capetown]

17 hours ago, Mesterh said:

Agreed, I doubt anyone can argue against that ......

Will they be able to do it for less than £200 million though?

[Squaredy]

On 22/11/2025 at 14:49, Mark J said:

37K views · 2.4K reactions | 👩‍⚕️👨‍🚒🤵 Doctors, firefighters, even the...

WWW.FACEBOOK.COM

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👩‍⚕️👨‍🚒🤵 Doctors, firefighters, even the super-rich themselves can see it… so why can’t Rachel Reeves? It’s time to tax the super‑rich and invest in the collective future of our...

 

The makers of this video think that the public sector is suffering because of lack of funding.  So where do they imagine the highest tax regime since World War Two actually goes?

[Mark J]

2 hours ago, Squaredy said:

The makers of this video think that the public sector is suffering because of lack of funding.  So where do they imagine the highest tax regime since World War Two actually goes?

It goes straight back to those who own the government debt ie: the billionaires we should be taxing. 

The richest paid 98% tax after WW2, that's how social housing and NHS was possible. 
 

Just a moment...

WWW.PERPLEXITY.AI

 

History of taxation in the United Kingdom - Wikipedia

EN.WIKIPEDIA.ORG

 

Edited 2 hours ago by Mark J

[Squaredy]

9 minutes ago, Mark J said:

The richest paid 98% tax after WW2, that's how social hosing and NHS was possible. 
 

Indeed, they paid 98% on investment income until Maggie came to power in 1979.  And the thresholds were not exactly high, so it wasn't just the super-rich.  So I agree some (on the face of it) good things happened in the period 1946 to 1979, but the country was a basket case.

 

And I would suggest if you are interested looking into the history of wealth taxes.  It is rather chequered in terms of their success.

[Mark J]

12 minutes ago, Squaredy said:

Indeed, they paid 98% on investment income until Maggie came to power in 1979.  And the thresholds were not exactly high, so it wasn't just the super-rich.  So I agree some (on the face of it) good things happened in the period 1946 to 1979, but the country was a basket case.

 

And I would suggest if you are interested looking into the history of wealth taxes.  It is rather chequered in terms of their success.

What else would you suggest? How else to fix things?
The economic fallout from COVID and Brexit is similar to the shock of a war.

You have Farage and Reform wanting to push private healthcare, Wes Streeting who was at Bildeberg and is in bed with Peter Thiel, and by association JD Vance. You can tell Streeting is popular with those who call the shots as he's the only Labour politician who gets positive press. 

All these people want us to move to an insurance based system of healthcare. That coupled with the advances in AI and surveillance, which also happens to be championed by Thiel, Mandelson et al; to my mind, it is a recipe for disaster. 

These actors are paid by the big businesses that have everything to lose. 

If we don't change things ourselves, we have lost.

I think.

[tree-fancier123]

3 hours ago, Squaredy said:

So where do they imagine the highest tax regime since World War Two actually goes?

but it isn't the highest tax regime since WW2, if you read that Wiki history of taxation Mark J posted above it says the basic rate was up around 33% for a while. 

 

The government of Margaret Thatcher, who favoured taxation on consumption, reduced personal income tax rates during the 1980s in favour of indirect taxation.^[19] In the first budget after her election victory in 1979, the top rate was reduced from 83% to 60% and the basic rate from 33% to 30%.^[20] The basic rate was also cut for three successive budgets – to 29% in the 1986 budget, 27% in 1987 and to 25% in 1988; The top rate of income tax was cut to 40%.^[21] The investment income surcharge was abolished in 1985.

Under the government of John Major the basic rate was reduced in stages to 23% by 1997.

21st century

Under Labour chancellor Gordon Brown, the basic rate of income tax was further reduced in stages to 20% by 2007. As the basic rate stood at 35% in 1976, it has been reduced by 43% since then. However, this reduction has been largely offset by increases in other regressive taxes such as National Insurance contributions and Value Added Tax (VAT).

[tree-fancier123]

If the basic rate went back up to 33% of (PAYE) income over £12700 that would raise enough money to fight Putin for at least a fortnight

[Squaredy]

17 minutes ago, tree-fancier123 said:

but it isn't the highest tax regime since WW2, if you read that Wiki history of taxation Mark J posted above it says the basic rate was up around 33% for a while. 

According to the media we currently have the highest overall tax burden since not long after WW2.  Yes some rates may be lower, but there are many other taxes.  Remember purchase tax was around 6%, this was replaced by VAT when we entered the EEC at 10%, and now it is mainly 20%.  NI rates are also through the roof, property tax is higher, etc, etc, etc.  So, yes we have VERY high taxation levels currently.  About to get higher in a few days.

[Squaredy]

45 minutes ago, Mark J said:

those who own the government debt ie: the billionaires we should be taxing

It is worth remembering that the billionaires you are talking about consist mainly of pension funds.  In other words the future prosperity of you and I (unless you have no pension of course).