The just economy
By 2030, we want Britain to have a fairer distribution of economic rewards. A larger
proportion of national income will go into wages and salaries, with an increased
share for those in the bottom half of the income distribution. Both income and
wealth inequalities will have been reduced.
Capital share of the economy is around long term averages.
Mixed income (self employed essentially) is well above average. Tax on consumption and subsidies to production is well above average – that’s the effect of VAT rates rising.
Labour share, the fourth bit, is down, yes. So, we’re to have policies to reduce VAT and self employed earnings are we?