To ask if you were Prime Minister for a year, how would you combat the cost of living?

[MzGG]

To ask if you were Chancellor of the Exchequer, how would you combat the cost of living?

You can’t tax the rich more because beyond a magic figure of around 40-45% the treasury doesn’t actually receive more, the rich just find ways around it.

As a country we need to boost industry, business and jobs. Protect British manufacturing, R&D, entrepreneurship.

Get rid of the massive albatross and privatise the NHS. Put it out of its misery.

Cut welfare. Reinstate the 2 child cap. Make feckless and absent fathers pay fully for their offspring rather than the taxpayer and take them to court for child neglect if they don’t (immaterial if they are in the child’s life or not). Means test the state pension at some fixed point in the future. Parity of housing benefit across the UK so taxpayers aren’t paying for housing in expensive areas like in London.

Deport all foreign criminals and refuse their return to the country.

Stop the cultural and social decline and give people hope by strengthening national values and pride. Crack down hard on low level anti social and scummy criminal behaviour. Massive life changing fines for fly tipping, shoplifting etc. If we had a few more national festivals and feel-good events throughout the year it would boost morale and the economy.

If the very wealthy want to live in a low tax country then they already won’t be living in the UK, or the USA, France or Germany. Yet in fact 40% of all of the billionaires in the world live in one of these countries right now. (see the Hurun Global Rich List as reported in Forbes)
They can afford to live wherever they want to live and to pay the taxes as it just doesn’t make much difference to their lives to pay a bit more tax. Would the life of Bezos change much if he paid 2% more tax?
We are not talking about the middle classes paying a wealth tax, they are already being squeezed, it’s for the wealthy.

Founder of Revolut moved from
UK to UAE costing us £3bn in CGT on a stake of £14bn. That’s not 2%, and it’s a hell of a lot of schools and hospitals.

Reduce taxes, on individuals and corporations. And scrap net 0.

Admittedly, it would take longer than a year to feed through but it has to be done.

Incentivize domestic and international investment into large infrastructure projects through 0 tax until initial payback has been achieved, lowest taxes in the western world thereafter. No immigrant labour for these projects which isn’t above the threshold of net contribution. Training for lower paid roles funded by the tax breaks.

Cut regulations and quangos. Cut down the civil service in line with that. No one needs a civil service that’s bigger than before Brexit and delivers far less.

Reverse the Employer’s NI and reduce it further and incentivize employers with providing childcare for people on benefits coming into work. Work should be mandatory for working age adults, except for those with real severe disabilities.

Re assess criteria for disability benefits. The surge in disability benefits being handed for ‘life’ related stresses mis identified as mental health issues needs to be reversed.

Scrap net 0.

Re apply two child benefit cap.

But he’s rich. So let the socialists hate him. Who needs his taxes, when the socialists can glow in the warm glow of poverty and decline.