The best wealth tax is a massive increase in housebuilding.
-> Property is largest source of UK wealth
-> Most actually doable wealth taxes boil down to taxing property anyway
-> More supply = lower house prices = more people on ladder, lower cost of living, wealth democratised
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This is an excellent piece by David. The idea that Britain is massively right-wing really is Everything Derangement Syndrome. (Just look at the Budget!)
In 2024, the UK had the lowest taxes on an average employee of any G7 country.
UK taxes for lower earners were also the lowest in the G7.
But the UK's position might change in 2025.
Read more 👉 https://t.co/aO6Iadpcbf
Opinion:
Give your kids their inheritance before you die.
Pay for their college.
Take them on vacations.
Pitch in for their wedding.
Help with their first home downpayment.
These are all life moments where money will go much further than when they're 50+ and already have a chunky savings account.
And as an added bonus, you get to see them enjoy the money this way.
This is actually how people react when I tell them I’m about to turn 39… and my oldest child will be 20 😂
I moisturize. Like seriously have a good skin care routine.
If 50 year mortgages are introduced, you’d be wise to buy property with one.
They will cause such inflation on property values that you’ll need to buy property as a hedge.
The real play is not to worry about the payments or the loan or the insane amounts of interest. It is to assume that the government will recklessly inflate the value of houses and the debt will melt into irrelevance over time.
It’s not a risky bet, you’re simply trusting the government to do the exact wrong things.
being a woman with traditional values these days means having wildly controversial opinions like: fathers matter, I want to raise my kids, cook for my husband and bake fresh bread. wild concept, I know
Is the minimum wage becoming too high?
Low hourly pay has been virtually eradicated. But Britain now has one of the highest minimums in the world – with strange consequences for everyone else…
1/6
The top 1% already pay about 30% of all tax receipts - more than the bottom half combined.
What’s a “fair share”, 40%, 60%, … 90%?
What happens when the wealthy start to disappear?
Wait, the exodus has already begun: one leaves every 45 mins since Labour took power…
This chart is one that I'm amazed doesn't get more play, almost the only answer you need to the question of "how did Zohran get here."
NYC hourly wages have gone from 35% more than the US average to 20% more in 5 years, but NYC rents are 2x the average of the top 50 US cities.
It is truly one of the great wonders of the world that in the UK, government employees failed to improve their own productivity AT ALL during the period when the internet, the mobile phone, email, e-commerce etc etc were becoming ever more efficient. Staggering achievement.