What would you do to raise money back after corona?

[arethereanyleftatall]

If you were in the government, what taxes/cuts would you put in place after we've all gone back to normal life?

I think I might raise VAT, or possibly have a means-tested state pension.

Personally I would look army removing the triple lock on state pensions, but it’s a contributory benefit that people will have paid into all their life so it would be wrong to make it means tested (in my view).

I would introduce a sugar/fat tax on all unhealthy food products, eg biscuits, burgers etc

I would look at how other European healthcare systems are funded. This would probably mean people having to pay some kind of monthly premium perhaps matched by employers. (Working people already do this via their National Insurance Contributions)
It would never be popular but the crisis has really shown how we need more investment in the nhs and it can’t just come from the working population, the retired need to contribute as well.

Then I would borrow more to invest in infrastructure (roads, cycle lanes, school buildings) creating jobs and recovering the costs through the tax paid by people in these jobs.

Definitely a ‘fat’ tax on unhealthy food. Double benefit of increasing taxes and decreasing obesity.

And a paid dog licence. No licence = no dog (immediate confiscation or licence purchase and fine).

Tax the rich and make large companies pay their way 🤷‍♀️

The problem with taxing the rich, at this particular stage only, is that they're the group that haven't faired well with lockdown. Nothing for self employed over £50k, often who have large outgoings; many small business owners will be going out of business after this; capped furlough. All which I agree with as there isn't a magic money tree but I'm not sure now is the right time to be going after the working rich.

I think more money should be spent on infrastructure and development.
MORE money towards scientific research, hopefully more people realise it’s importance.

Completely change our healthcare model, charge a small amount for GP appointments and A&E visits, might help with time wasters.

Something seriously needs to be done to encourage a healthier population.
I believe there would be a processed/fried foods and tax.
I don’t agree with the sugar tax because I think sweeteners are worse, so instead of a ‘fat tax’ it should apply to processed foods. Otherwise all the food companies are going to do is take out the fat and add loads of chemicals.
And something needs to be done about tax avoidance by big companies.

I'm one of those self employed on over 50k. My income has dropped by a third. Everyone I know SE is similar so they're unlikely to get what they just got from us in Jan next time round. So that's not the best route.

I think sugar tax, and looking into how NHS is funded for a start. I would love to see them go after the likes of Amazon etc

Cancel HS2 and scrap Trident.

I think we have to better fund and also modernise the NHS, which will require investment.

The best way to do this in my opinion is to increase National Insurance. Now is not the time to increase the tax burden on the middle classes alone by increasing income tax, and VAT disproportionately affects the poor. I am happy to pay more tax, but I want everyone to have skin in the game. It’s obvious to everyone now that the NHS does not come for free.

I would also look to stop corporate tax breaks but that is more complex especially at a time we will need to protect jobs with the double whammy of a recession and Brexit on the horizon.

One reason Germany has done well in this crisis is because of their exceptionally well funded health service.

FFS why is the state pension the first people want to grab? The retirement age has already gone up 7 years for me and I have spent my whole life working to, in theory, pay for a pension. I am of an age where it was impossible to pay into a pension when I was young, you simply didn't have the option, therefore I am trying to now save enough to supplement the meagre state pension I will will entitled to assuming they don't move the goalposts again.

I would up car tax on "gas guzzlers" but not fuel, people have a choice as to what car they buy, not not necessarily how far they commute (I commute 40 miles a day). I would up the stamp duty on houses over, say 2 million. Not many 'normal' family homes are worth that even in London.

Yes more investment in research, and increase the numbers of student doctors and nurses. Demand for medical school places far outstrips supply.

I don't think any specific tax increases are necessary. I would just fund the spending with 30-year debt and carry on with whatever I was planning to do anyway. Obviously the debt will have some effect on other spending, but spread over 30 years.

Fuel duty needs to go way up.
In reality probably everything else will go up too.

I would invest in growth and stimulate the economy. An economy does not work like a household budget.

I wouldn't be doing idiotic things like "austerity" cuts that cause it to contract.

People need to wise up.

I would like to see the nhs replaced with a system more like the French.
Increase taxes/charges on any travel by car, including higher tax, congestion charges etc.
Get rid of pension credit. The basic state pension is what everyone who has paid in should get, but not more than that

50k is by no means rich
Think the other poster was referring to millions such as the tosspots Tim Martin and Richard Branson taking government money to pay their staff

I would imagine that everyone is going to come on here and suggest the tax measures that affect them least.

There will be measures rolled out that will affect us all for many many years to come. I also have a horrible feeling this lockdown isn’t the last.

I would scrap most benefits and state pension and replace with a basic state income.

Scrap HS2. Close tax loopholes for large corporations.

But no austerity or higher taxes for the ordinary people. Coming out of a depression needs investment not austerity.

I agree with a hefty increase on sugar, fatty foods, processed food, fast food and alcohol taxes. Not just at point of purchase but big taxes on companies who make them.

Start charging a nominal amount for DNA for NHS appts. That would be a nightmare logistically but would bring in a lot of money.

Legalise cannabis and put a tax on it. Previous studies have said it could be £3.5billion for the treasury per year.

Raise the tax rate on income over £150,000pa to 48% and then introduce a new threshold for income over £250,000pa of 60%.

I think there tax and NICs will be much more closely aligned - probably not merged because it makes tax rates look higher, but everyone (inc self employed) paying the same rates of NICs.

I also wouldn't be surprised if there's a one off wealth tax, but difficult to calculate values of pension funds etc.

I like the idea of having a much higher sugar/fat tax.

Pensions are already taxed, so I don’t think they need to be touched.

Luxury things could be taxed more, like people who keep boats, or multiple cars, or have lots of land that isn’t used for anything. Ideally the whole world would come together and do something to collectively solve the debt problems of individual countries.