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by malone
405 days ago
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> The data in the article proves Gary's point. Not only is income tax brought in less now, but more taxes are VAT Does the article data show that? Looking at the tax % graph the ratio between Income+NI and VAT+Stamp duties has been pretty constant (apart from a brief time in the 70s) https://taxpolicy.org.uk/wp-content/uploads/2025/05/image-1.... > In other words, the poorer people in society are taking on a bigger share of taxes. Seems unlikely. The article shows that high earners are paying are far greater share of income tax. Poorer people would need to be buying a crazy amount more stuff to offset that with VAT. The UK is in a fairly unique position where its GDP per capita has been stagnant for decades. Which means it's slowly sinking under inflation. It's been going on for so long that the people at the bottom of the boat are now drowning (which I agree is deeply unfair). But no amount of redistributing people between the decks is going to actually fix the problem. |
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No it's not. The charts showing "stagnant" GDP have already adjusted for inflation, which means it's not "slowly sinking under inflation".
https://ourworldindata.org/grapher/gdp-per-capita-worldbank?...