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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:
Nolletimiere · 18/10/2025 07:53

EasternStandard · 18/10/2025 07:36

Plus the £70bn from last time. That and whatever they go for again is huge snd nowhere near those manifesto pledges below.

Yes, and the inevitable tax raid in November’s budget will be repeated every year.

Like junkies, this lot will be looking for their next fix, with a new set of excuses as to why they are unable to go cold turkey.

The Starmer fan club will not be so supportive once they begin to feel the impact.

LaChouette · 18/10/2025 07:45

TeenagersAngst · 18/10/2025 06:50

Do the first five years in coalition with the LibDems count?

I tend to think how much worse it would have been without the LibDems there trying to provide some sort of moderating influence. If you look at the list of ministerial roles any of them held, you can clearly see how little they actually had control over. And as the coalition ended 10 years ago, no I don't see them as having any accountability for the current shit show in this country.

EasternStandard · 18/10/2025 07:36

Nolletimiere · 18/10/2025 07:06

An application of logic might help.

We know the size of the alleged deficit - the fiscal black hole, if you prefer.
We know what Reeves did last October.
We know the messaging coming out of this government, about ‘a changing world’ etc.
We know that they have been unable to get a paltry GBP 5 bn in welfare cuts past the backbenches.

So, whilst we don’t yet know the detail, we know the macro.

Plus the £70bn from last time. That and whatever they go for again is huge snd nowhere near those manifesto pledges below.

Daisymay8 · 18/10/2025 07:36

Basically they can't do anything to cut welfare as their fellow MPs won't support it so we continue this disastrous fall into more and more debt.
They need to do big changes but probably won't as they want to stay in power but as no changes means everyone gets poorer they won't stay in power either.

Daisymay8 · 18/10/2025 07:33

HPFA · 18/10/2025 07:25

Which of the kids currently receiving SEND support woild you say are undeserving?

Obviously the ones whose parents scam the system

HPFA · 18/10/2025 07:27

TeenagersAngst · 18/10/2025 06:50

Do the first five years in coalition with the LibDems count?

The LibDems supported the cuts.

Those who argued that austerity would cost money in the long run have been proved right.

HPFA · 18/10/2025 07:25

Daisymay8 · 18/10/2025 06:43

Whilst there are details on TikTok on how to game the system I don't think you can say everyone is deserving.

Which of the kids currently receiving SEND support woild you say are undeserving?

EasternStandard · 18/10/2025 07:15

TeenagersAngst · 18/10/2025 06:29

It’s very interesting that when people slate the Tories for 14 years of mismanagement (such an overused phrase), they always remember to include Brexit and Liz Truss in their list of things we must never forget they got wrong but simultaneously omit the fact that the first five years were in a Coalition government- so do the LibDems bear any responsibility or do we need to revise the figure down to 9 years of mismanagement?

They also forget to mention Covid which cost about half a trillion and the Ukraine war which tipped us all over the edge.

I would love to see how Reeves and Starmer would have managed the last two.

P.S. Absolutely no fan of the Tories who shafted me with some of their more socialist policies.

Yes no large economic shocks and Reeves and wibbling on about ‘the world’. Two major economic shocks in comparison previously.

Incompetence and lies from Labour.

Nolletimiere · 18/10/2025 07:08

PlanetMa · 18/10/2025 03:22

Here’s another reminder of Reeves’ pre-election lies:

Labour's manifesto is, "fully funded and fully costed - no ifs, no ands, no buts… no additional tax rises."

"I have been very clear that every policy we announce, and every line in our manifesto, will be fully costed and fully funded."

“Nothing in our plans requires any additional tax to be increased.”

“We’ve got the Office for Budget Responsibility now… You don’t need to win an election to find out [about the public finances].”

“I don’t believe that fiddling around with tax rates is the best way to grow the economy.”

Yes, Reeves is a bare-faced liar - it is on record.

She is self-pitying, too - with the crocodile tears.

A Chancellor in name only.

Nolletimiere · 18/10/2025 07:06

BIossomtoes · 17/10/2025 21:50

What huge hikes? We don’t know what’s planned.

An application of logic might help.

We know the size of the alleged deficit - the fiscal black hole, if you prefer.
We know what Reeves did last October.
We know the messaging coming out of this government, about ‘a changing world’ etc.
We know that they have been unable to get a paltry GBP 5 bn in welfare cuts past the backbenches.

So, whilst we don’t yet know the detail, we know the macro.

TeenagersAngst · 18/10/2025 06:50

HPFA · 18/10/2025 06:37

There was a thread recently where people were describing their experiences with getting help for SEND and how difficult it is.

Does anyone want to go on that thread and tell those people their kids shouldn't have help because it's too expensive?

There aren't millions of "scroungers" around whose benefits can be painlessly cut no matter what the Daily Mail tells you. We had fourteen years of Tory government trying to cut benefits - why couldn't they manage it if it was so easy?

Do the first five years in coalition with the LibDems count?

Daisymay8 · 18/10/2025 06:43

HPFA · 18/10/2025 06:37

There was a thread recently where people were describing their experiences with getting help for SEND and how difficult it is.

Does anyone want to go on that thread and tell those people their kids shouldn't have help because it's too expensive?

There aren't millions of "scroungers" around whose benefits can be painlessly cut no matter what the Daily Mail tells you. We had fourteen years of Tory government trying to cut benefits - why couldn't they manage it if it was so easy?

Whilst there are details on TikTok on how to game the system I don't think you can say everyone is deserving.

Daisymay8 · 18/10/2025 06:42

what they should do is reexamine everyone on benefits to see if their circumstances have changed.
Start checking or prosecuting people taking cash in hand for non payment of taxes.
This will cost a lot and take a lot of time but if you think the gov might catch you out not paying tax or if you think you are about to be found out lying to gain benefits and ordered to pay them back then i think many people would stop doing it.
The point is whilst everyone gets away with it everyone does it - people will get nervous if they think they might not actually be entitled to it and choose themselves to come of it.
Like if you take the boat people to Rwanda the others stop coming.
I don't think you can tax houses over 500K as that is half of the SE. A lot of former council houses will be worth that - so they won't do that.

Bumblebee72 · 18/10/2025 06:39

EasternStandard · 18/10/2025 05:59

Yes this level of lying, followed by the first budget which had a £70bn borrowing and tax hike.

And whatever next because that budget hammered growth.

I suspect it is more incompetence than outright lying. Reeves seems to believe the shit that comes out of her mouth.

HPFA · 18/10/2025 06:37

There was a thread recently where people were describing their experiences with getting help for SEND and how difficult it is.

Does anyone want to go on that thread and tell those people their kids shouldn't have help because it's too expensive?

There aren't millions of "scroungers" around whose benefits can be painlessly cut no matter what the Daily Mail tells you. We had fourteen years of Tory government trying to cut benefits - why couldn't they manage it if it was so easy?

Daisymay8 · 18/10/2025 06:36

Catpiece · 16/10/2025 09:41

It’ll be wealth tax, not income. Hopefully large corporations who pay the least tax they can?

Those firms that employ all the people - good idea!

TeenagersAngst · 18/10/2025 06:29

mellongoose · 18/10/2025 06:07

£450b spent during an international emergency ensuring everyone’s wages were paid.

You are correct. Short memories indeed

It’s very interesting that when people slate the Tories for 14 years of mismanagement (such an overused phrase), they always remember to include Brexit and Liz Truss in their list of things we must never forget they got wrong but simultaneously omit the fact that the first five years were in a Coalition government- so do the LibDems bear any responsibility or do we need to revise the figure down to 9 years of mismanagement?

They also forget to mention Covid which cost about half a trillion and the Ukraine war which tipped us all over the edge.

I would love to see how Reeves and Starmer would have managed the last two.

P.S. Absolutely no fan of the Tories who shafted me with some of their more socialist policies.

EvangelicalAboutButteredToast · 18/10/2025 06:19

EasternStandard · 16/10/2025 10:03

Make it stop indeed. The last budget was a one off tax hike according to Reeves and Starmer. Stick to that.

They are talking about her going after Motorbility vehicles today. Nobody really knows. I think assume that if you’re a home owner she’s going after you.

spoonbillstretford · 18/10/2025 06:13

mellongoose · 18/10/2025 06:07

£450b spent during an international emergency ensuring everyone’s wages were paid.

You are correct. Short memories indeed

National emergency where they wasted billions giving contracts to their profiteering mates. Just after wasting billions on Brexit before that.

mellongoose · 18/10/2025 06:07

spoonbillstretford · 18/10/2025 03:46

It was the burden left to them by the Conservatives who left us with the highest public debt, borrowing, taxes and spending we've ever had and produced one of the most damaging budgets in history.

What position do you think they'd be in now in office?

Why weren't people so up in arms about all the hundreds of pounds a month they had to pay out overnight due to the energy price rises that were allowed between 2021-2023? My energy bill more than doubled and our mortgage went up by £100 almost overnight, most people's a lot more than that.

No government in the past has ever had such an adverse effect on my family's finances and quality of life in such a short space of time and I'm a high earner! I will never forgive the Conservatives for that.

What short memories people have.

£450b spent during an international emergency ensuring everyone’s wages were paid.

You are correct. Short memories indeed

EasternStandard · 18/10/2025 05:59

PlanetMa · 18/10/2025 03:22

Here’s another reminder of Reeves’ pre-election lies:

Labour's manifesto is, "fully funded and fully costed - no ifs, no ands, no buts… no additional tax rises."

"I have been very clear that every policy we announce, and every line in our manifesto, will be fully costed and fully funded."

“Nothing in our plans requires any additional tax to be increased.”

“We’ve got the Office for Budget Responsibility now… You don’t need to win an election to find out [about the public finances].”

“I don’t believe that fiddling around with tax rates is the best way to grow the economy.”

Yes this level of lying, followed by the first budget which had a £70bn borrowing and tax hike.

And whatever next because that budget hammered growth.

spoonbillstretford · 18/10/2025 03:46

Savoury · 17/10/2025 13:19

All this because Labour can’t and won’t address the growing welfare/benefits burden..
I sense a poll tax moment is looming.

It was the burden left to them by the Conservatives who left us with the highest public debt, borrowing, taxes and spending we've ever had and produced one of the most damaging budgets in history.

What position do you think they'd be in now in office?

Why weren't people so up in arms about all the hundreds of pounds a month they had to pay out overnight due to the energy price rises that were allowed between 2021-2023? My energy bill more than doubled and our mortgage went up by £100 almost overnight, most people's a lot more than that.

No government in the past has ever had such an adverse effect on my family's finances and quality of life in such a short space of time and I'm a high earner! I will never forgive the Conservatives for that.

What short memories people have.

spoonbillstretford · 18/10/2025 03:33

Leavesfalling · 17/10/2025 17:36

We have to live within our means and pay the wages we can afford to the number of people we can afford. Otherwise we go bankrupt. Pretty straightforward.

Plenty of incentive to work. Unemployment is steadily rising thanks to Rachel Reeves. People won't be able to afford to be fussy especially young people.

Plenty of incentive to work, though not for shit money in the public sector if the pensions are shit too. You'll have to import a lot more immigrants from South East Asia and Africa for whom it sounds a good wage.

spoonbillstretford · 18/10/2025 03:27

Whoever is saying tax the wealthy, they mean someone considerably wealthier than the person saying it.

PlanetMa · 18/10/2025 03:22

Here’s another reminder of Reeves’ pre-election lies:

Labour's manifesto is, "fully funded and fully costed - no ifs, no ands, no buts… no additional tax rises."

"I have been very clear that every policy we announce, and every line in our manifesto, will be fully costed and fully funded."

“Nothing in our plans requires any additional tax to be increased.”

“We’ve got the Office for Budget Responsibility now… You don’t need to win an election to find out [about the public finances].”

“I don’t believe that fiddling around with tax rates is the best way to grow the economy.”

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