The twats don;t understand their own poll

New polling from Tax Justice UK and Oxfam, conducted by YouGov, shows widespread public support from across the political spectrum for increasing taxes on wealth.

The organisations say this would help to tackle inequality and raise revenue that could be used to fund public services and fight poverty.

The poll, published ahead of Conservative Party Conference, shows that more than two-thirds (69 per cent) of Brits thought that earnings from wealth should be taxed at the same level as, or more heavily than, earnings from income.

Taxing the income from wealth is taxing income, not wealth.

Twats.

And isn’t this a lovely non-sequitur?

Currently, wealth is often under-taxed compared to taxes on income from work. In the UK, tax raised from wealth remains low at about 4 per cent of GDP compared to 15 per cent from taxes on income and 11 per cent from consumption.

Taxation of helium balloons is low too.

10 thoughts on “The twats don;t understand their own poll”

  1. A perfect example of the tyranny of the majority. People think others should pay more tax to provide benefits to them. You can bet the 69% is not thinking that their savings are going to be taxed more.

  2. Giving other people’s stuff away doesn’t ‘fight’ anything.

    Poverty with a hearty breakfast is still poverty.

    Poverty doesn’t bother Tax Justice UK and Oxfam; they are bothered by wealth.

  3. The 69% that is being cited doesn’t say what they say that it says. It says that wealth should be taxed at a higher rate or at the same level. I would have expected almost everyone to agree. Presumably 31% think that tax on wealth should be lower.

  4. Dennis, Oppressor, Warmonger, Capitalist and Consumer of Petroleum Products

    Given this crowd can’t keep the difference between tax avoidance and tax evasion straight, why would you think they could keep the difference between wealth and income straight?

  5. Do these people not understand – other than not understanding the difference between wealth and income – that if you tax wealth all that will lead to is all wealth piles that don’t generate income significantly greater than the tax will simply be quickly spent down or moved out of the country?

    If I have a choice of either spending my savings or having the government tax it away, why am I going to save? Why am I going to invest that money at home?

  6. Bloke in North Dorset

    Is this the same poll they published last year just before the Conservative Party conference? Or the one for the year before that? We could probably pick the week before the conference in any year we’ve had a Conservative government and get a similar poll.

  7. Agammamon
    September 29, 2019 at 5:51 pm

    Do these people not understand – other than not understanding the difference between wealth and income – that if you tax wealth all that will lead to is all wealth piles that don’t generate income significantly greater than the tax will simply be quickly spent down or moved out of the country?

    I am afraid, sadly they do understand – but of course under the ‘Green New Deal’ your every journey, indeed every aspect of your life (and arguably every minute of it) will be controlled by the state so forget having any personal wealth. The state will allocate you the resources it feels you need and taxation will be total. The future of the planet demands no less.

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