If the government wants growth, it should be taxing wealth https://www.taxresearch.org.uk/Blog/2024/08/11/if-the-government-wants-growth-it-should-be-taxing-wealth/
Rachel Reeves says she wants growth. If so, she should tax wealth because the wealthy save much of what they earn, meaning that they don't spend it, and so reduce growth. If that same income was redistributed to those on low incomes who would spend it, then growth would follow. It really is almost that easy to increase growth.
Richard Murphy /
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2024-08-11 06:50:38
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2024-08-11 06:50:38Event JSON
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"content": "If the government wants growth, it should be taxing wealth https://www.taxresearch.org.uk/Blog/2024/08/11/if-the-government-wants-growth-it-should-be-taxing-wealth/ \n Rachel Reeves says she wants growth. If so, she should tax wealth because the wealthy save much of what they earn, meaning that they don't spend it, and so reduce growth. If that same income was redistributed to those on low incomes who would spend it, then growth would follow. It really is almost that easy to increase growth.",
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