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Labour promised investment, but when it comes to how we fund the rebuild of Britain, that party’s government is remarkably quiet.
Rachel Reeves talks about fiscal responsibility but avoids the hard conversation about tax reform — the one thing that could unlock real, long-term prosperity.
So let’s have that conversation.
Six books are gone – 44 to go!
Just click on the image, make your donation
and provide your details!
The problem with the current system
Our tax system is skewed.
If you work for a living, you pay more than someone who earns the same amount from wealth.
Capital gains tax is lower than income tax.
Inherited wealth enjoys generous exemptions.
Corporations use creative accounting to dodge their responsibilities.
And the super-rich? Often barely taxed at all.
Meanwhile, public services are crumbling, and we’re told there’s “no money left.”
Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!
A fairer way forward
A fair tax system isn’t about punishing success — it’s about ensuring everyone contributes according to their real means. That means:
- Equalising capital gains tax and income tax so those living off assets pay their fair share.
- Introducing a proper wealth tax on assets over a high threshold, ensuring billionaires contribute proportionally.
- Reforming inheritance tax to stop dynastic wealth from snowballing, while protecting ordinary families.
- Tackling tax avoidance and evasion by properly funding HMRC and closing loopholes.
- Windfall taxes on profiteering in sectors like energy, water and finance.
Get my free guide: “10 Political Lies You Were Sold This Decade” — just subscribe to our email list here:
👉 https://voxpoliticalonline.com
Why this matters now
- Public ownership of utilities.
- Building genuinely affordable homes.
- Fixing the NHS and social care.
- Replacing crumbling schools.
Every one of these requires reliable, long-term funding.
That doesn’t mean austerity.
It means smart revenue reform.
Even the IMF now admits trickle-down doesn’t work.
If we want to rebuild Britain, we start by taxing the enormous wealth that already exists — not squeezing workers and the vulnerable.
Wren-Lewis, Keynes, and the common sense of fairness
Simon Wren-Lewis, over on Mainly Macro, mentions the state needing to do more.
John Maynard Keynes said governments should spend in downturns to revive the economy.
Both visions rely on a public that believes the system is fair.
Without that trust, even good ideas falter.
Reforming the tax system restores that trust.
It makes investment credible.
It funds what matters.
Six books are gone – 44 to go!
Just click on the image, make your donation
and provide your details!
So where’s Labour?
Labour could lead on this.
Instead, it hides behind “stability” and whispers about not raising taxes for working people.
Fine — then tax wealth, tax unearned profit, and tax excess.
If Labour won’t do it, we must demonstrate that it is not only possible, but essential.
Share this post:
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1) Register with us by clicking on ‘Subscribe’ (bottom right of the home page). You can then receive notifications of every new article that is posted here.
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Join the Vox Political Facebook page.
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7) Feel free to comment!
And do share with your family and friends – so they don’t miss out!
If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Buy Vox Political books so we can continue
fighting for the facts.
Cruel Britannia is available
in either print or eBook format here:
The Livingstone Presumption is available
in either print or eBook format here:
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:
Tax reform and revenue fairness: what a real alternative looks like
Share this post:
Labour promised investment, but when it comes to how we fund the rebuild of Britain, that party’s government is remarkably quiet.
Rachel Reeves talks about fiscal responsibility but avoids the hard conversation about tax reform — the one thing that could unlock real, long-term prosperity.
So let’s have that conversation.
Six books are gone – 44 to go!
Just click on the image, make your donation
and provide your details!
The problem with the current system
Our tax system is skewed.
If you work for a living, you pay more than someone who earns the same amount from wealth.
Capital gains tax is lower than income tax.
Inherited wealth enjoys generous exemptions.
Corporations use creative accounting to dodge their responsibilities.
And the super-rich? Often barely taxed at all.
Meanwhile, public services are crumbling, and we’re told there’s “no money left.”
Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!
A fairer way forward
A fair tax system isn’t about punishing success — it’s about ensuring everyone contributes according to their real means. That means:
Get my free guide: “10 Political Lies You Were Sold This Decade” — just subscribe to our email list here:
👉 https://voxpoliticalonline.com
Why this matters now
Every one of these requires reliable, long-term funding.
That doesn’t mean austerity.
It means smart revenue reform.
Even the IMF now admits trickle-down doesn’t work.
If we want to rebuild Britain, we start by taxing the enormous wealth that already exists — not squeezing workers and the vulnerable.
Wren-Lewis, Keynes, and the common sense of fairness
Simon Wren-Lewis, over on Mainly Macro, mentions the state needing to do more.
John Maynard Keynes said governments should spend in downturns to revive the economy.
Both visions rely on a public that believes the system is fair.
Without that trust, even good ideas falter.
Reforming the tax system restores that trust.
It makes investment credible.
It funds what matters.
Six books are gone – 44 to go!
Just click on the image, make your donation
and provide your details!
So where’s Labour?
Labour could lead on this.
Instead, it hides behind “stability” and whispers about not raising taxes for working people.
Fine — then tax wealth, tax unearned profit, and tax excess.
If Labour won’t do it, we must demonstrate that it is not only possible, but essential.
Share this post:
Vox Political needs your help!
If you want to support this site
(but don’t want to give your money to advertisers)
you can make a one-off donation here:
Be among the first to know what’s going on! Here are the ways to manage it:
1) Register with us by clicking on ‘Subscribe’ (bottom right of the home page). You can then receive notifications of every new article that is posted here.
2) Follow VP on Twitter @VoxPolitical
3) Like the Facebook page at https://www.facebook.com/VoxPolitical/
Join the Vox Political Facebook page.
4) You could even make Vox Political your homepage at http://voxpoliticalonline.com
5) Follow Vox Political writer Mike Sivier on BlueSky
6) Join the MeWe page at https://mewe.com/p-front/voxpolitical
7) Feel free to comment!
And do share with your family and friends – so they don’t miss out!
If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Buy Vox Political books so we can continue
fighting for the facts.
Cruel Britannia is available
in either print or eBook format here:
The Livingstone Presumption is available
in either print or eBook format here:
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:
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