How cool is this?
“Why won’t young people have children?” they ask, surveying the broken housing market, the staggering generational wealth gap, the 42% tax rate for graduates, decades of pay stagnation and the extortionate cost of childcare. “Must be climate anxiety!”
— Rachel Cunliffe (@RMCunliffe) October 14, 2021
Clearly 42% marginal tax rates are soceitally undesriable then. Which means that top tax rate (47% ish, 45% plus 2% NI) needs to come down, as does that 60% plus as the personal allowance fades out as does, well, all tax rates really once we add in employers NI.
How cool that it comes from this source!