Originally Posted by blueisthecolour:
“I mean that we all accept the new tax, regardless of whether we use the social care system or not. It's a form of insurance.
As I said in another post though - this is really just a question of reversing the tax cuts over the last 6 years. If we took away some of the tax free allowance that everyone gets (including people on £100k a year), put corporation tax back up to a non-tax haven level, reversed the proposed reductions in inheritance tax threshold, reversed capital gains tax cuts etc etc we'd get back to where we need to be.”
“I mean that we all accept the new tax, regardless of whether we use the social care system or not. It's a form of insurance.
As I said in another post though - this is really just a question of reversing the tax cuts over the last 6 years. If we took away some of the tax free allowance that everyone gets (including people on £100k a year), put corporation tax back up to a non-tax haven level, reversed the proposed reductions in inheritance tax threshold, reversed capital gains tax cuts etc etc we'd get back to where we need to be.”
The mansion tax and 50p tax would help as well.
