Does Labour's manifesto show it doesn't want to tax the rich?

Taxing the rich is about making YOU richer

Don’t believe the lies: taxing the rich is about making you richer.

Do people really think that when people say the rich should be taxed more, they mean ordinary working people and not the fatcats who make £25 million in passive income – that’s without lifting a finger to work for it – every year, like ex-hedge fund millionaire and part-time prime minister Rishi Sunak?

Here’s Gary Stevenson to put them all straight:

So there you have it.

It’s not about giving more money to the government – certainly not more money from working people who are struggling to make ends meet. It’s about taxing the astonishingly-rich in order to be able to reduce the tax burden on everybody else.

Wealth is flowing from ordinary people to these fatcats, who are hoarding it up, and the idea is to get that wealth flowing back the other way to make ordinary people richer.

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Working people are taxed at a very high rate but extremely wealthy individuals are taxed almost nothing. Taking more from them means reducing your taxes.

Government services have been decimated in the last 15 years, so some of the money could replenish that.

People having more money means they’ll spend more money – which means wages will increase.

And if the tax burden on the super-rich is set at the right level, they will be forced to sell off their assets. This is not a bad thing.

As Gary says, the national wealth is increasingly being hived off into the ownership of the super-rich. If the wealth is being held by people who have a passive income of around £2 million a month, they will never sell anything.

That means working people will never be able to afford assets – for example, housing. Rich people have to be nudged into selling them.

So taxing the super-rich is not about growing government; it is about re-balancing power and ownership in society (that’s actually what tax was always supposed to be about – re-distribution of assets, and growing the wealth of ordinary working people).

His “war” metaphor is excellent. He’s actually referring to class war; the super-rich class is waging a war on you.

Now here’s the nitty-gritty:

The government is not going to increase taxes on the super-rich when it is full of extremely wealthy people.

This Writer differs from Gary on what should happen next. He goes back to talking about taxation but what actually needs to be said is that we can change the government.

There is a general election on July 4. We can use it to give the boot to the lickspittles of the super-rich, who are themselves very wealthy – and give power to people who will do what needs to be done.

It isn’t hard to work out who represents what, so get into the list of your constituency’s candidates and find out for yourself.

I’ll give you a clue to get started: if you think voting for Labour, the Lib Dems or the Tories is a good idea, you need to think again.

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