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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:
Enterthewolves · 18/10/2025 11:47

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

Leavesfalling · 18/10/2025 11:45

Nolletimiere · 18/10/2025 11:44

As things currently stand, I will vote for reform at the next GE.

What does that make me?

Sensible

Nolletimiere · 18/10/2025 11:44

Enterthewolves · 18/10/2025 11:15

That people who vote for Reform are, by definition, racist? I stand by that. We need to be careful who we associate with or we are lost.

https://www.theguardian.com/commentisfree/2025/oct/18/crooked-cross-hitler-1933-novel-sally-carson?CMP=Share_iOSApp_Other

Edited

As things currently stand, I will vote for reform at the next GE.

What does that make me?

Bruisername · 18/10/2025 11:43

Targeting reform (or afd in Germany) voters as racist is precisely what led to the rise of these parties

remember Gordon brown calling that woman a bigot? It was the start of a trend to try and get people with genuine concerns to shut up by telling them they were morally wrong. Rather than address the issues. So people are voting for these parties to send a message

farage is a grifter and I doubt most people will actually vote reform at the next election but I imagine a lot are saying they will to try and get the mainstream politicians to listen to their concerns

Leavesfalling · 18/10/2025 11:42

BIossomtoes · 18/10/2025 11:40

Very few public sector pensions are final salary any more. They changed to career average some time ago.

Figures please for the existing liability and projected future liability for the next 20 years.

Luckily they are underwritten by the taxpayer. Unlike private sector pensions.

Leavesfalling · 18/10/2025 11:41

Enterthewolves · 18/10/2025 11:15

That people who vote for Reform are, by definition, racist? I stand by that. We need to be careful who we associate with or we are lost.

https://www.theguardian.com/commentisfree/2025/oct/18/crooked-cross-hitler-1933-novel-sally-carson?CMP=Share_iOSApp_Other

Edited

Well you are going to have to sit in your room for a few years as looking at the polls an awful lot of people you associate with will vote Reform. Obviously they may tell you otherwise but luckily voting doesn't require you to check their ballot paper.

BIossomtoes · 18/10/2025 11:40

Leavesfalling · 18/10/2025 11:39

Please can you provide some figures as I wasn't aware this was the case.

I assume you are also talking about new public sector pensions. The liability for the old ones cannot be changed as they are a contractual obligation.

Very few public sector pensions are final salary any more. They changed to career average some time ago.

Leavesfalling · 18/10/2025 11:39

Enterthewolves · 18/10/2025 11:17

Actually lots of private companies have DB pensions and public sector pensions are no longer final salary - costs will gradually come down.

Please can you provide some figures as I wasn't aware this was the case.

I assume you are also talking about new public sector pensions. The liability for the old ones cannot be changed as they are a contractual obligation.

EasternStandard · 18/10/2025 11:27

Enterthewolves · 18/10/2025 11:15

That people who vote for Reform are, by definition, racist? I stand by that. We need to be careful who we associate with or we are lost.

https://www.theguardian.com/commentisfree/2025/oct/18/crooked-cross-hitler-1933-novel-sally-carson?CMP=Share_iOSApp_Other

Edited

No they are not by definition that.

Enterthewolves · 18/10/2025 11:17

Leavesfalling · 17/10/2025 08:15

Pretty good pensions though! Can't get those in the private sector. We will all be on the hock for that liability for generations.

Actually lots of private companies have DB pensions and public sector pensions are no longer final salary - costs will gradually come down.

Enterthewolves · 18/10/2025 11:15

EasternStandard · 18/10/2025 10:02

The one you used which got deleted.

Edited

That people who vote for Reform are, by definition, racist? I stand by that. We need to be careful who we associate with or we are lost.

https://www.theguardian.com/commentisfree/2025/oct/18/crooked-cross-hitler-1933-novel-sally-carson?CMP=Share_iOSApp_Other

PeonyPatch · 18/10/2025 11:11

BadgernTheGarden · 18/10/2025 10:09

Pretty much everything is taxed already, income, interest from savings, which depending how much you have might be called wealth! Businesses have been hit hard by recent tax rises, capital gains tax on selling assets, inheritance tax. Not to mention things like road tax, council tax, etc.

If you tax the better off more they will spend less which then affects businesses, if you tax businesses more that will raise prices which affects everyone eventually. If they tax houses it will screw with the property market, put people into negative equity and have all sorts of unexpected consequences. How many people could find the cash to give the government say 10% of the value of their home, even 1% would be a struggle for many people.

Cutting spending should be the objective, catch the tax dodgers big and small, catch the benefit cheats, catch the people working in the black economy. All these people are stealing from all of us that pay our taxes, they are not victimless crimes. So often on here these sort of crimes are dismissed as no ones business and you should just let people get on with it and don't report it.

Agreeed 👏🏼

PeonyPatch · 18/10/2025 11:10

TeenagersAngst · 18/10/2025 10:20

Not sure if it’s a rhetorical question you’re asking there, but the answer is 5 years in coalition followed by 9 years as a majority government.

To all those who quote the 14 years of Tory mismanagement, I would remind them that we were not in a dictatorship. The Tories won several elections in that timeframe.

Why were Labour not able to win an election if the Tory mismanagement was so terrible and apparent to the electorate?

Yes, it was rhetorical

Nolletimiere · 18/10/2025 10:47

HostaCentral · 18/10/2025 10:45

Oh, and you can't leave the country, because you may get hit with an exit tax. Insidious.

You can, currently.

But retaining UK exposure when you leave, means you retain risk however.

HostaCentral · 18/10/2025 10:45

Oh, and you can't leave the country, because you may get hit with an exit tax. Insidious.

Nolletimiere · 18/10/2025 10:41

TeenagersAngst · 18/10/2025 10:20

Not sure if it’s a rhetorical question you’re asking there, but the answer is 5 years in coalition followed by 9 years as a majority government.

To all those who quote the 14 years of Tory mismanagement, I would remind them that we were not in a dictatorship. The Tories won several elections in that timeframe.

Why were Labour not able to win an election if the Tory mismanagement was so terrible and apparent to the electorate?

Your logic is inescapable.

If the Tories were so terrible - particularly as is the charge - during Brexit and the Pandemic, why were Labour unable to win a GE?

The answer is fairly obvious - its because Labour were simply unelectable. They were not serious opposition, with Corbyn often fighting a rearguard action over anti-Semitism etc.

Buyer’s remorse is real amongst many who voted for Labour last summer - that’s patently clear.

TeenagersAngst · 18/10/2025 10:39

PeonyPatch · 18/10/2025 09:34

Why does

I was upset because of a personal issue’

make her pathological?

Makes me laugh that out of all those sentences, that’s the only one you can reasonably say may be faintly accurate.

The rest are clearly untrue.

OnlyOnAFriday · 18/10/2025 10:30

ArthriticOldLabrador · 18/10/2025 10:00

If they’re going to start taxing wealth it will affect all those who have saved carefully for retirement-who have ISAs and savings accounts as well as a pension.
Soon it will make more sense to blow it all then call upon the state to look after us.

Thats what I’m thinking. I’d rather fuck off on a round the world cruise than have it eroded away by the government.

Nolletimiere · 18/10/2025 10:30

EasternStandard · 18/10/2025 10:02

The one you used which got deleted.

Edited

I noticed that, too.

Blanket labelling people racists is reductive, and highly disrespectful to both the recipient, and to minorities.

It diminishes the argument, and real racism.

It’s shameful, and I expect the PP will now refrain from such inappropriate use of the word.

TeenagersAngst · 18/10/2025 10:20

PeonyPatch · 18/10/2025 08:25

Labour have barely been in power. I’m really disliking people who keep saying this. How long were the conservatives in power again?!

Not sure if it’s a rhetorical question you’re asking there, but the answer is 5 years in coalition followed by 9 years as a majority government.

To all those who quote the 14 years of Tory mismanagement, I would remind them that we were not in a dictatorship. The Tories won several elections in that timeframe.

Why were Labour not able to win an election if the Tory mismanagement was so terrible and apparent to the electorate?

BadgernTheGarden · 18/10/2025 10:09

Pretty much everything is taxed already, income, interest from savings, which depending how much you have might be called wealth! Businesses have been hit hard by recent tax rises, capital gains tax on selling assets, inheritance tax. Not to mention things like road tax, council tax, etc.

If you tax the better off more they will spend less which then affects businesses, if you tax businesses more that will raise prices which affects everyone eventually. If they tax houses it will screw with the property market, put people into negative equity and have all sorts of unexpected consequences. How many people could find the cash to give the government say 10% of the value of their home, even 1% would be a struggle for many people.

Cutting spending should be the objective, catch the tax dodgers big and small, catch the benefit cheats, catch the people working in the black economy. All these people are stealing from all of us that pay our taxes, they are not victimless crimes. So often on here these sort of crimes are dismissed as no ones business and you should just let people get on with it and don't report it.

EasternStandard · 18/10/2025 10:02

Enterthewolves · 18/10/2025 09:56

Which line? The one that holds that supporting racists = racism. This thread might not support ‘that line’ but history does, I wonder how it will be looked at in 50 years?

The one you used which got deleted.

ArthriticOldLabrador · 18/10/2025 10:00

If they’re going to start taxing wealth it will affect all those who have saved carefully for retirement-who have ISAs and savings accounts as well as a pension.
Soon it will make more sense to blow it all then call upon the state to look after us.

PeonyPatch · 18/10/2025 10:00

Can we get back to the topic at hand?