Dale Vince: The biggest tax increase in British history…
The biggest tax increase in British history is being done by stealth. Since the Tories froze the annual tax free allowance in 2021, instead of raising it in line with inflation, 2 million more people have been dragged into the income tax bracket - raising nearly £100 Billion. That’s shocking. If this government won't or can’t remove this new tax burden from the poorest among us, they should introduce a tax at the high end of wealth - to be fair. They could raise £26 Billion a year, a very similar sum actually to the income tax stealth move - and it would be super fair, a tiny 2% tax on wealth above £10 million. It’s wrong to place the burden only on those at the lowest end of earnings and wealth. I want to live in a fairer country, for that we need a fairer tax system. We need to reform the one we have. It was written by people with money for people with money, at 3,000 pages long it’s ten times that of other nations - because it’s chock full of exemptions and loopholes.
https://x.com/DaleVince/status/2050225832312852663?s=20
