The people who go waaah, small violin aren’t the brightest and to be frank, they are part of the reason the country is in decline.
Lower and middle earners pay low taxes in comparison to other countries at the expense of higher earners. The tax system has become so complex and punitive that people are dropping working hours. It’s not the headline 45% people see. Less tax take and less in society.
HMRC are now even jumping into say (along with multiple fiscal bodies) the process of tax, tax, tax is going to result in a net loss of tax take soon.
We have too many people reliant on the state in low earning jobs. When education and doing well isn’t a ticket out of that - we are in real shit. It’s all the bed wetting over VAT on school fees. All that will do is make private schools for the really elite. It’s like through spite, people would be happy just to have an elite class ruling over, so no-one earns more than them. Great. Who is paying for it all? We already can’t afford our welfare state and are in debt.
Highish earners cutting back is a disaster. Less tax, less spending, less volunteering, less donations. The person who runs the karate club now has a business which will have to close. The nice eatery down the road slowly lets staff go and then finally closes. Those jobs, that tax. Reduced spending = less VAT. Schools who rely on donations, get less and less. The consequences are far reaching and a ripple effect.