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Politics

“Tax the wealthy” (RR budget) what does this even mean?

639 replies

gggddjkki · 16/10/2025 08:32

I don’t remember anxiously waiting for budgets like we have the last few years earlier on in my adulthood. But when you read statements like this (as I have seen in the headlines today) what do you interpret it to mean? What does taxing the wealthy look like to you? Taxing higher earners more? From what point? Higher taxes on industry?

OP posts:
Bumblebee72 · 18/10/2025 16:38

PeonyPatch · 18/10/2025 09:33

I think wealth means assets not related to income!

I think they should use time. I'm asset rich but time poor. I think a tax on underutilising your time would be good. Like the bedroom tax for underutilising property.

HailCeaser · 18/10/2025 16:33

Fraudornot · 18/10/2025 16:31

Means testing of pensions will never happen in the near future - it would be totally unfair to those who planned their financial future expecting a certain amount. The only way they could do it would be for people who had a really long runway to prepare and so it wouldn’t generate any immediate savings.

The only reason it won’t happen is because Labour won’t get a second term.

Leavesfalling · 18/10/2025 16:31

BIossomtoes · 18/10/2025 16:10

Believe me nobody would be happier than me if you chose to ignore me.

Well don't reply to my posts that didn't involve you? It's very straightforward.

Fraudornot · 18/10/2025 16:31

Means testing of pensions will never happen in the near future - it would be totally unfair to those who planned their financial future expecting a certain amount. The only way they could do it would be for people who had a really long runway to prepare and so it wouldn’t generate any immediate savings.

Nolletimiere · 18/10/2025 16:12

BIossomtoes · 18/10/2025 16:10

Believe me nobody would be happier than me if you chose to ignore me.

😆

BIossomtoes · 18/10/2025 16:10

Leavesfalling · 18/10/2025 15:39

Yes that's all lovely but not what I was talking about before you decided to chip in. Make your own seperate point on what you wish to discuss and then we can see if we want to reply to you maybe?

Believe me nobody would be happier than me if you chose to ignore me.

Leavesfalling · 18/10/2025 15:39

BIossomtoes · 18/10/2025 15:35

I didn’t. I pointed out that public sector pensions are now based on career average, not final salary. You might have inferred an impact on cost but it was neither stated nor implied. I didn’t sneer at you either.

Yes that's all lovely but not what I was talking about before you decided to chip in. Make your own seperate point on what you wish to discuss and then we can see if we want to reply to you maybe?

BIossomtoes · 18/10/2025 15:35

Leavesfalling · 18/10/2025 13:50

You chipped in on a discussion about pension liability for the public sector. Specifically that costs are coming down. I'm just asking for evidence. No problem if you just chipped in to say something for the sake of it.

I didn’t. I pointed out that public sector pensions are now based on career average, not final salary. You might have inferred an impact on cost but it was neither stated nor implied. I didn’t sneer at you either.

Leavesfalling · 18/10/2025 15:30

Goldwren1923 · 18/10/2025 15:00

This country voted for Brexit out of pure racism and xenophobia
Reform is only popular because of immigrant bashing, they have zero realistic economic policies

You can only say with any confidence whether you personally voted for Brexit out of "pure racisim and xenophobia". Otherwise you are just making assumptions and to assume makes an ass out of you and me. Which is what I frequently think on these threads when people pipe up with this sort of outrageous suggestion.

BIossomtoes · 18/10/2025 15:29

HailCeaser · 18/10/2025 13:24

It will mean taxing people with the ‘broadest shoulders’, which is basically anyone not on benefits or who doesn’t work in the public sector. It will be taxing property, vehicles, lowering VAT threshold, more education taxes and removing some of salary sacrifice on pension contributions. By December, Rachel will have found another black hole and the cycle of the threats will begin again.

How will any of those things not affect public sector workers?

Nolletimiere · 18/10/2025 15:23

MO0N · 18/10/2025 13:16

Reform are an absolute joke, can’t add up, are funded by nefarious interests, also have a leader who is a proven liar and has deliberately made many of the UK’s current problems worse and has no experience of actually doing anything useful: another lazy public school boy who is a self-interested, economically illiterate moron and an extremely dishonest, dangerous one at that. He has no intention or capability whatsoever of uniting the country behind a coherent roadmap towards a successful future.
I tend to see farage as a version of Jeremy Clarkson, but minus the huge 'bison' head and without the football stuffed up his jumper.

Edited

Picking on someone’s appearance, pathetic frankly.

Nolletimiere · 18/10/2025 15:21

Leavesfalling · 18/10/2025 13:50

You chipped in on a discussion about pension liability for the public sector. Specifically that costs are coming down. I'm just asking for evidence. No problem if you just chipped in to say something for the sake of it.

Brilliant reposte.

Nolletimiere · 18/10/2025 15:19

MO0N · 18/10/2025 13:43

How do you therefore explain Reform’s popularity?
I know your question wasn't addressed to me but I'd say the answer is 'populism'.

Do continue.

Goldwren1923 · 18/10/2025 15:00

Leavesfalling · 18/10/2025 13:56

The problem is according to many on here is that the whole country has suddenly become racist. We were by most international metrics the least racist country in the world. But as soon as Labour got into power we suddenly (according to our Glorious Leader) all became far right racists. Goodness knows how Labour achieved that in only a year so so!

Anyway, that means that we now all have to vote Reform as they are the party that most corresponds with the ideals of most of the people, according to Keir Starmer. It's not the people's fault. It's Labour's.

This country voted for Brexit out of pure racism and xenophobia
Reform is only popular because of immigrant bashing, they have zero realistic economic policies

HailCeaser · 18/10/2025 14:31

summershere99 · 18/10/2025 14:03

This is my concern too. Most people would have absolutely no clue we earn over 115K. We don't have a fancy car or huge savings of a fancy house (to be fair it's a relatively recent thing) and we live in a fairly expensive area - but I think people on 30k think anyone earning this amount must be living the dream, have no financial worries and deserve to be taxed even more than we already are while we currently have absolutely no entitlement to benefits. It's too much of a burden for a small proportion of people to pay. I'm not saying we don't have a reasonable standard of living, we do, but equally we don't have tons of spare cash at the end of the month. I think I probably used to think 100k+ was very wealthy. Maybe it was 15-20 years ago, it isn't now.

Yet you will see time and time again on threads like this somebody paying £3k tax a year telling someone paying £36k a year tax that they are the selfish ones and need to pay their ‘fair’ share. It makes absolutely no sense, is a self defeating broken mindset and at the root of a lot of problems.

HailCeaser · 18/10/2025 14:24

Bruisername · 18/10/2025 13:38

The problem is that her poor decision making is creating the black holes now

if she spoils the markets and no one wants our gilts then that hole is just going to keep growing

if they punish people who save they are just quickening the death loop

European countries need to accept we’re not rich enough to have the life politicians promised and which ultimately has only been there for a very short period

people talk about the pension age as if it’s been that way for centuries but it’s a comparatively new thing. Same with the NHS.

It’s not just the financially illiterate policies themselves, but the constant kite flying of various taxes, legislation and rhetoric against net tax payers that begins almost immediately after one budget has ended and a new black hole has been found. It’s pretty much relentless. Companies aren’t investing in people or recruitment and SMEs are scaling back - the job market is a disaster particularly skilled positions, people aren’t moving house - the property market is a disaster, landlords won’t rent properties out without incredibly stringent background checks and high rents and are leaving the sector - the rental sector is a disaster, people are not working when they reach various tax thresholds, 90bn in assets has left the UK in the last 10 months and many high net worth people who can reasonably easily leave the UK have done so or plan to do so. I don’t see how this due to incompetence, I think it’s deliberate.

summershere99 · 18/10/2025 14:03

Blankscreen · 16/10/2025 10:13

I imagine they are going to hit high earners via income tax.

'hard working people' never includes anyone earning over £100k. Who seem to be the golden goose of this country.

It's a disgrace if they do but I wouldn't be surprised by anything Labour do.

This is my concern too. Most people would have absolutely no clue we earn over 115K. We don't have a fancy car or huge savings of a fancy house (to be fair it's a relatively recent thing) and we live in a fairly expensive area - but I think people on 30k think anyone earning this amount must be living the dream, have no financial worries and deserve to be taxed even more than we already are while we currently have absolutely no entitlement to benefits. It's too much of a burden for a small proportion of people to pay. I'm not saying we don't have a reasonable standard of living, we do, but equally we don't have tons of spare cash at the end of the month. I think I probably used to think 100k+ was very wealthy. Maybe it was 15-20 years ago, it isn't now.

Timeforabitofpeace · 18/10/2025 13:58

MO0N · 18/10/2025 13:16

Reform are an absolute joke, can’t add up, are funded by nefarious interests, also have a leader who is a proven liar and has deliberately made many of the UK’s current problems worse and has no experience of actually doing anything useful: another lazy public school boy who is a self-interested, economically illiterate moron and an extremely dishonest, dangerous one at that. He has no intention or capability whatsoever of uniting the country behind a coherent roadmap towards a successful future.
I tend to see farage as a version of Jeremy Clarkson, but minus the huge 'bison' head and without the football stuffed up his jumper.

Edited

Precisely.

Leavesfalling · 18/10/2025 13:58

MO0N · 18/10/2025 13:53

I think one could make an argument for this but it would lead to a situation where only the elites were allowed to vote, in other words it would lead us away from democracy which of course is only the least worst option.🤦🏼‍♀️

Be embarrassing if you were knocked off the voting list for being too stupid, eh! @MO0N

Daisymay8 · 18/10/2025 13:57

what they need to do - excuse me pointing out the obvious - is hit everyone.
A bit on pensioners, a bit on unemployed, a bit on supermarkets and similar, a bigger bit on rich home owners, billionaire social media companies and tighten rules on benefits, and cash in hand. Help HAs to police their properties so people aren't subletting but getting housing allowance etc Police landlords and prosecute if need be

Ok there would be no immediate benefits as it would cost a lot to implement but you would end up with fewer cash in hand workers because they might get caught, a disadvantage to hoarding huge properties by foreign investors, landlords actually doing their job etc etc

Leavesfalling · 18/10/2025 13:56

PlanetMa · 18/10/2025 13:19

The fact that anybody considers this odious toad as a prospective leader of our country shows have very low things have sunk.

The problem is according to many on here is that the whole country has suddenly become racist. We were by most international metrics the least racist country in the world. But as soon as Labour got into power we suddenly (according to our Glorious Leader) all became far right racists. Goodness knows how Labour achieved that in only a year so so!

Anyway, that means that we now all have to vote Reform as they are the party that most corresponds with the ideals of most of the people, according to Keir Starmer. It's not the people's fault. It's Labour's.

MO0N · 18/10/2025 13:53

Barbadossunset · 18/10/2025 13:47

as is the educational level of a significant proportion of the electorate who are happy to argue like rats in a sack over irrelevancies.

@PlanetMa Do you think people should have to take a test before being allowed to vote?

I think one could make an argument for this but it would lead to a situation where only the elites were allowed to vote, in other words it would lead us away from democracy which of course is only the least worst option.🤦🏼‍♀️

EasternStandard · 18/10/2025 13:52

MO0N · 18/10/2025 13:43

How do you therefore explain Reform’s popularity?
I know your question wasn't addressed to me but I'd say the answer is 'populism'.

Labour deal in trite soundbites and bad economic policy, it worked for the last GE but likely won’t again.

Leavesfalling · 18/10/2025 13:52

MO0N · 18/10/2025 13:46

Also that farage has a certain charisma (personally I find him repulsive) and he is a good con man, people identify with him and want to believe what he says.
As per trump, his 'base' comprises mostly those of low educational attainment, ie., people who are easy to fool.

I love people who say that about other people. They must have a very sound sense of their own intelligence. Obviously if they vote Labour that intelligence must be called into question...

Leavesfalling · 18/10/2025 13:50

BIossomtoes · 18/10/2025 11:59

What has that got to do with my post?

You chipped in on a discussion about pension liability for the public sector. Specifically that costs are coming down. I'm just asking for evidence. No problem if you just chipped in to say something for the sake of it.

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