Unsurprising. And I suspect the results wouldn’t be very different elsewhere.

And that’s why we’re fucked.

  • IninewCrow@lemmy.ca
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    1 year ago

    And the average person in any country shouldn’t have to pay more tax

    Just tax the rich more and we’d be able to fix most of the problems our governments face.

    As it is, we’re going to destroy the environment and usher in the extinction of our species just to save the portfolios and profits of a few hundred people.

    • CaptFeather@lemm.ee
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      1 year ago

      The worst part of all of this is the rich are generally able to lobby for lower taxes for themselves so it’s such an uphill battle.

    • V H@lemmy.stad.socialOP
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      1 year ago

      Not going to be anywhere near enough, because there aren’t enough rich people.

      E.g. in the UK the top 1% excluding the top 0.1%, earn an average of something like 200k pounds, but there is only about 700k of them. Every 10 percentage point increase in their taxes would add only roughly 2% to average tax receipts.

      The top 0.1% earn above 500k, but there are less than 70k of them.

      By all means do that too, and increase capital gains, and add wealth taxes, but ultimately we are in a position where it will hit everyone in the wallet and the later we leave it the more we’ll end up paying to try to fix things.