jellybreadracer@lemmy.world to UK Politics@feddit.uk · 1 year agoEarned income taxed twice as heavily as capital gains for some in UK, study findswww.theguardian.comexternal-linkmessage-square34fedilinkarrow-up1167arrow-down12
arrow-up1165arrow-down1external-linkEarned income taxed twice as heavily as capital gains for some in UK, study findswww.theguardian.comjellybreadracer@lemmy.world to UK Politics@feddit.uk · 1 year agomessage-square34fedilink
minus-squareHelloThere@sh.itjust.workslinkfedilinkarrow-up4·1 year agoThe purpose of tax is not just to internalise externalities.
minus-squaretheinspectorst@kbin.sociallinkfedilinkarrow-up2·1 year agoNo, it’s primarily to fund spending. But as a rule of thumb, once you’ve decided how much you’d like the state to spend on things, it makes sense to raise that amount of tax in the way that does the least harm.
minus-squareHelloThere@sh.itjust.workslinkfedilinkarrow-up1·1 year agoCompletely agree, it is however much easier said than done.
minus-squareC4d@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoDoes it help to view it less to do with funding spending and more to do with reclaiming the money that the government has already spent?
The purpose of tax is not just to internalise externalities.
No, it’s primarily to fund spending. But as a rule of thumb, once you’ve decided how much you’d like the state to spend on things, it makes sense to raise that amount of tax in the way that does the least harm.
Completely agree, it is however much easier said than done.
Does it help to view it less to do with funding spending and more to do with reclaiming the money that the government has already spent?