😱When banks create a loan or buy government bonds, they do so by creating money out of thin air.
Money has been created by BfE to buy Govt bonds, funding our addictive spending habits, as happened during the COVID-19 pandemic.
👇This has made us all poorer and will continue to do so.
Yet apparently the rich don’t pay their “fair share” of tax. How much more tax should they pay to meet the “fair share” threshold? What is a “fair amount” of the £300k they should be able to keep?
We definitely don’t want wealthy people coming to the UK, investing a minimum of £5 million in British companies, paying taxes and building businesses.
Crazy idea.
1/3 Lying to the public is about to become a crime in the UK.
Ministers, civil servants, police, the military: all covered by the new Hillsborough Law.
Guess who isn't? The people writing it.
Our national debt has just hit £3 trillion.
We were told by the "grown ups" in both parties that putting up taxes, Net Zero and high immigration would bring the debt down.
This is the counterfactual of what I sought to do in the Mini-Budget.
And it has been a disaster.
This issue has been written about multiple times by so many journalists over many years. I think Telegraph has probably banged the drum more frequently than others. Yet, Government hasn't listened, and we have people downing tools when they get to £100K, or funnelling the cash into pensions, ready for for early retirement. Bonkers.
@DraperOr Go and ask any search engine or AI “What is the difference between a tax rate and a marginal tax rate”. It says “marginal tax rate” in the article.