Here’s another idea: we need a higher rate of VAT on products that are bought to indicate social status, and which contribute to global warming.
What am I talking about? Let’s start with cars with an engine capacity above 1.6 litres (and maybe I am being generous when suggesting that). Or which cost, say, more than £20,000 at present. I cannot see why any such vehicle is necessary. They are, I suggest, just conspicuous consumption, and as a result are not designed to last, which is precisely why they need to be taxed more to save the environment.
A Rolls Royce lasts less time than an Austin Allegro then, eh?
After which there are phones costing more than £300, which are nothing more than jewellery, but which are deeply wasteful by encouraging massive environmental waste as they are simply fashion items, designed to be replaced at a rapid rate.
And entirely missing the point of Veblen Goods. Sure, they indicate social status. Make them more expensive and they become even more of a Veblen Good. Twat.