This will all end in tears.
They have taxed both labour and capital to the point that they cannot squeeze anymore out without negatively impacting the total tax take. Will the understand the market signal? Learn? I doubt it.
I think they will come after your house, your pension, your savings. Not only will this be awful when it happens for all those involved, but it will scar the country for years. We won’t get capital inflows and our best and brightest will consider emigrating.
Clown show. 🤡