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Know your history.
1,698,277 просмотров • 1 год назад •via X (Twitter)
Комментарии: 11

How is taxing the rich MASSIVELY PUNISHING them??

How will you answer?

Piers Morgan is an arsehole

You also had far less immigration.

This is the most idiotic take I’ve heard all week! You’re obviously not a student of logical fallacies huh 🤣 A is true. B is also true. Therefore À caused B. Fucking retard. Know your LOGIC moron

There was no mass immigration back then.

Likewise…both parents born in 1930s and raised in council house tenements…my dad worked as an engineer and was able to buy his own house and raise four kids on his salary alone…1950-1970 was the fastest period of consistent economic growth in UK in the 20th century - 3% a year - while the top rate tax was 91-98%…of course there was a real Labour Party during this period that represented working people…that died with Tony Blair in 1997 and is long gone.

Gary from accounts. Property prices are impacted by not enough housing, foreign and corporate property blocking and other market forces. The rising house prices versus wages that can’t keep up is why people cannot afford them.

Sure, taxing the rich more works...

1. Tax burden was ~36.1% of GDP in 1950, it going to hit 38.3% of GDP by 2027-28. 2. Since then, you’ve added Capital Gains Tax (1965), Corporation Tax (1965), Value Added Tax (VAT) (1973), Petroleum Revenue Tax (1975), Inheritance Tax (1986). Hidden taxes on everything. 3. 47% of public sector workers had employer pension contributions of at least 20%, compared to only 2% in the private sector. 4. Federal employment has skyrocketed to 6.12 million, representing about 18% of the UK’s total workforce compared to less than 4% in the 1950s.

Could buy a house in his 20’s, but couldn’t keep the lights on, because the entire country couldn’t.

