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by jimnotgym 1297 days ago
One solution is to tax wealth rather than income.

That should be popular...

2 comments

Nationalise some royal lands
What's stopping the UK government to seize UK land owned by the royal family?

Or at least taxing them the same rates as the peasants instead of letting them freeload.

Because they effectively pay 85% tax on the income already. Look up the Crown Estate. The UK government taking it over would result in it being sold off at bargain basement prices to fund a voter winning 5 min fix and there'd be nothing to show for it in 50 years.
I presume these are two unrelated points?

Nothing stops the UK seizing crown lands. In fact it sort of does. This is where the sovereign grant comes from.

Land however is not generally taxed in the UK so in that sense they do pay the same.

Also known as "theft"
No, also known as "tax". Original taxes were always on wealth rather than income. We should go back to that.
There was a tax measure on the ballot here in California and the argument against was "taxes are theft from people who probably have better use for that money"

The measure passed easily.