People want MORE taxes - so why won't Starmer or Sunak raise them?
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- čas přidán 7. 06. 2024
- HOW CAN YOU FIX BRITAIN WITHOUT MONEY?
The leaders' debate on ITV threw up the thorny issue of tax, as Rishi Sunak said households would pay £2k more under Labour lots of times and Keir Starmer waited until the next day to accuse of him of misleading the country.
Both of the main parties seem terrified of saying they will raise taxes, even though Labour have spent the last 14 years complaining about underinvestment in public services.
How dos the tax/spend see-saw get balanced? We asked people relaxing in Soho Square, central London, and one or two had an idea of who might have the money to help fix the country.
So, tell us in the comments: would you be willing to pay more tax?
Report by Isabel Loubser and Tom Foot
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From the offices of the Camden New Journal and Islington Tribune.
We pay high enough taxes already.
Erm well I don’t ???
Higher taxes?!!! You’ve got to be out of your mind!!! There are plenty of places around the world that pay SIGNIFICANTLY less tax and enjoy are far superior standard of life. It’s not how high the tax rate is, it’s how they manage their finances.
We have one of the highest tax burdens in the world; I don’t want it any higher!!!!
Yes the people pay less tax and the higher earners pay more. It's not rocket science. Giving rich tax cuts and breaks is not working. While I don't think people on lower incomes should pay more tax I think for some people though it would be pocket change to them. They wouldn't even notice it because they have so much wealth it wouldn't make a dent.
@@mysterymaverick1982 if I were you, the next time the urge to preach about something on the internet came to
fruition, I’d get well versed in said topic first.
@@user-lf3cp5rn5x I am well versed in the topic. Right now as low earners we pay more percentage of our earned income than higher earners. So essentially I'm agreeing with you while ordinary people shouldn't pay more tax for those very high earners who get tax breaks should be paying more. It's basic economics and if we don't tax the rich things are just going to get worse in every way.
@@mysterymaverick1982 "I am well versed in the topic. Right now as low earners we pay more percentage of our earned income than higher earners." You're clearly not well versed in the topic then.
The more you earn, the higher the tax band. Someone on £25,000 will pay 20% on £12,430 - (the amount earned over the £12,570 tax allowance). Someone on £100,000 will pay 20% up to £37,700, then 40% on £37,701 - £100,000. Plus higher NI contributions.
So the total tax, plus NI contributions -
£25,000 earner - £3,478.60
£100,000 earner - £31,439.00
For 4x the annual income, they're paying 9x tax.
ANYONE can pay more tax if they wish. Just write a cheque to HMRC. Just don't speak for me.
Don't forget how corrupt HMRC actually is....
They don’t want to pay more tax they want others to pay more tax!
they want the super rich to pay more tax which is reasonable
Its almost like thats how tax works, if everyone pays a percentage of what they earn then we can have a good functional society. if you dont want taxes, then go live off the grid away from any city, roads, railways etc. Also get off the internet if you dont want taxes.
@@alinaqirizvi1441 the only problem with taxing the Super rich more is they simply move. It’s very difficult to tax the rich.
@@marcwareham9351 That is factually false. Studies have shown that wealthy people do not simply move countries due to tax. Stop repeating such dribble. 🤣🤣
They literally named the phenomenon, The Laffer Curve
I am not willing to pay more taxes. We already pay enough but they throw it all away.
Are you wealthy? If not you won't pay more tax if we tax the rich.
@@mysterymaverick1982 who do you define as rich?
@@kx1music I mean the super rich not like middle class mostly living on finance.
@@mysterymaverick1982 Define super rich. Give me a rough figure of annual income.
@@masterbeethoven8209 it's difficult to say because some of it is to do with assets but if we are talking about earnings alone I'd say over 100k a year is the top 2 percent in the country. The top 1 percent is 200k so the top 1 percent. We are happy to bail out big business with our tax money though or let corporations off paying any tax, non-dom status etc. so if you are trying to make me feel bad about suggesting we tax the rich then I don't at all and it's the only way this country is going to survive. We need to tax the rich and invest in creating our own assets again. There's even a lobby group of millionaires that actually want to pay more tax because even they know that's what is needed.
People don't want to pay higher taxes - whatever they say. We already pay sky-high taxes. We don't need higher taxes we need to stop taking in a million extra people every year.
"tory party dressed in red" bingo
I’m paying more than my fair share. No more.
How about not paying more tax and using it more wisely and not wasting on things we didn't ask for
The title of this video is absurd as soon as i read it something Churchill said came to mind "The best argument against democracy is a five-minute conversation with the average voter."
Nothing works, why the hell should we pay more taxes? Where is this money going?
Nope!
We pay ridiculous amounts in tax! We should be taxing the rich more ffs! Esp corporations and billionaires who can afford to pay with zero loss on quality of life.
The real wealthy don't pay tax. Higher tax's only makes those dealing with the cost of living in the working class and the middle class's situations worse. Best party political broadcast I've seen?
Pure gatekeeping propaganda. 😂 Keep dreaming.
Asking highly left-leaning dmographics in an affluent area is definitely representative. I wonder if any of these people even know that the highest tax bracket is almost half your income stolen by the state already
Just sayin, that's actually really low historically. It used to be the top tax bracket used to be around 90% when standards of living were super high.
Also, the top INCOME tax bracket being 45% does not mean an actual 50% of your income is taken, that's not how tax brackets work. Unless you're literally making millions every year it's not even close.
@@forshor1998 Absolutely not. Income tax rates were ratcheted up to 30% (which was an all-time high at the time) during WW1. They were set at variable levels less than 30% for the preceeding 120 years (before that, there was no income tax). Then around WW2 they were skyrocketed to upwards of 99% then it was slowly stepped down by the 70s to 83%, then Thatcher reduced it to 60%. You may note that the UK economy was a disaster between 1945 and the 1970s and Thatcher's (relatively) low taxation policies were a big part of why it was able to perform alright in the 80s. If you want to count "hisorically" as "post-WW2" as if that's valid, then sure, I guess 45% is pretty low by the insane standards of post-war Britain.
Also yes it is 45% of your income. You have no personal allowance if your income exceeds £125,000. That is not "millions every year"
@@Paul-bs5wl someone still mis-understands tax law lol. Personal allowance doesn't change how tax brackets work.
Also, by your own admission, 45% is still super low. Fucking Thatcher, the queen of slashing taxes (which she sokd off a fuckload of our public assets to do) was still taxing us at 60% on the top income bracket. The fact we still expect the NHS and other public services to operate at a much lower amount is kinda nuts.
To be clear, personally I want most people to be paying less in tax, cost of living increases mean the poorest need more money to live. I'd like to see more taxes on the uber-wealthy but they don't get their income as "income", there's a few ways they do it but for the most part they take out loans against thier assests which they never plan to pay off, but that doesn't make a 45% top tax bracket a high rate historically cause it just isn't.
I don't believe Starmer won't raise taxes. I expect he will weaponise council tax as a wealth tax.
No one wants to pay more tax
FFS.....I've stumbled into Bullshit Central
LOL. Hilarious. All we need is to have voluntary taxation. All the people who want to pay more can choose to be in a higher tax bracket. Simple.
Great questions!! This interviewer is great!!
Why do none of these people state that the NHS is hugely wasteful. Too many managers, not enough doctors and nurses, ridiculous prices paid for procurement. Contracts for buddies, I wonder?
Even if tax stays where it is, it's likely there'll easily be spending improvements under Labour simply because money will no longer be wasted on joke projects like Rwanda and contracts and backhanders for minister's mates.
you can happily pay more tax , just go to hmrc and give them some money
Working class workers are struggling ... if taxes are to be raised..... the wealthy should pay more tax .... the rich should pay more tax .... ?????
These people are utterly demented if they believe taxes fund public services; our taxes go towards servicing the interest on the national debt and paying their obscene pensions. Also to believe anything that comes out of a politicians mouth simply cannot be trusted.
Who’s we?
People keep talking about the public services been much better in Europe, but we have 7-8 times the population so you cannot compare apples with pears! Sick of people not doing the proper research and voting based on something they heard !
Well tbf I think what these people are saying mainly is taxation is fine if you get what you pay for, fact is now we pay more than ever and get less than ever. Also if the government did their jobs a slight rise in take wouldn't be too much of an issue because food, energy, petrol costs would all come down
If only people actually knew how taxes work
Yeah we all want more taxes!!!! lol
The whole tax systems a mess and its been like it for years .same gos for your council tax . Instead of raising our taxes stop giving it away to other countries get your own country in order first then you can re distribute the wealth hopefully more wisely but know our governments nothing will change unless your a mate and your get it at mate rate
Government wastes most of the money we give them …. Giving the government money is one of the most ineffective ways to get almost anything done ….. eliminate waste first then we’ll consider where we are with taxes ❤
F high taxes!
If they're so happy to pay higher taxes then nothing's stopping them writing a cheque to HMRC
you can't simply pay more tax ffs.
@@yetidodger6650 You literally can. I doesn't matter if you pay tax via a self assessment or via PAYE. You can pay more than you legally have to if you wish. HMRC are not going to reject your offer of free money.
@nathanoafc0132 nope, it doesn't work like that, stop lying.
@@yetidodger6650 They are not lying, you can make donations to the treasury. www.gov.uk/guidance/voluntary-payments-donations-to-government
@@yetidodger6650 People can, and have donated money to HMRC (for some reason).
Speak for yourself!!!!
A better solution, which incidentally would solve a lot of other problems:
Stop importing people who are a net financial drain.
That's just factually not happening. Immigrants are a net financial gain for the country
Lol at all the ancaps in the comments.
You mean people actually want a functioning State with high quality roads, transport links, State owned utilities, clean water, NHS, including Dental care, physiotherapists, homes to rent and purchase that high quality eco friendly and not built on green belt in place of food we need . Infastructure that modern and fit for purpose a country where people feel happy and relaxed and fit for work? Surely a place like that would encourage private investment a stable economy and a less aggressive stance with our neighbours. The next thing people will be demanding is waking up to manmade climate change and actually doing something about it 😮 you must be thinking of a different place not U.K. here we simply worry about a few thousand workers that we call immigrants who do the jobs we haven’t been trained for by our government at substandard wages while they cook up the next distraction technique / war for the news headlines in their mates newspapers and State owned media while they keep all the cream for them and theirs.
Taxes no keep them low at least for super rich they have it so very tough in this country 😂
Your in London.
Your in London
8:05 Reform would raise her tax allowance to 20k
Yh and take away universal credit on low wages and reduce corporation tax for the rich...
People whose only income is via salary already pay too much tax AND stealth tax. Taxation on assets, bonuses, shares and passive income needs to happen. A few percent on that would be worth hundreds of billions at least! If I pay 40% on £60k, why does my employer's CEO only pay about 10% on the millions he earns? How does Rishi Sunak and his wife only pay a few hundred thousand this year on total earnings at least in the high tens (probably hundreds) of millions? This argument the rich make about "in real terms we pay more than you do" is a phallacy - tax stings everyone BUT the rich. It should be proportional to your total worth and AT LEAST equivalent to the percentages everyone else pays. They'd still be millionaires anyway FFS!
The only people arguing for more tax are the usual suspects - the unemployed Labour dolts who whine about 'rich Toooreeeez'.
😂
fantastic b roll
It's fine for people who can afford it to say they're willing to pay more tax. Nothing is stopping them. But many people, myself included, are struggling due to the increased cost of living. What I'd rather see is more accountability over how tax money is spent. I'd also prefer some services to be provided by charities and not-for-profits as they tend to be more efficient in how they use funds.
Watching this is so depressing. We are doomed if average people think like this.
I only clicked this cos I thought it was satire!
Turned it off when I realized it wasn't
Lower taxes
I can manage what I spend without the government deciding what it should go to
I don’t get the bus I don’t get the train I’m not on benefits so why should I pay for it
There’s no money left apparently. We’ll all be hammered.
I guess they are rich enough not to worry about paying their bills.
🙄🙄bs
People do not want more taxes what a stupid video