The Time To Abolish Capital Gains Tax Is Now!
Our Failure to tax the wealthiest in society is democracy’s greatest failing ever.
During the 2019 general election that was called to break the Brexit deadlock, Boris Johnson was asked if he was going to raise taxes to pay for Britain’s public services and he said the following:
I guarantee that we will not raise the rate of income tax, VAT or national insurance
Granted that this assurance was made by the British prime minister just before the global pandemic wreaked havoc on our physical and mental health. Our livelihoods, jobs and economy, something about the recent announcement of the arbitrary increase in taxes speaks to the profound moral bankruptcy of the current conservative government.
And I will explain why.
New Tax Rates In The Age Of Austerity, Minimum Wage And Zero Hour Contracts
It is widely accepted across the political spectrum that there’s a massive shortfall in money to pay for public services such as the National Health Service, Transportation and schools. If anything, the events of the last eighteen months have demonstrated why an increase in taxation is an absolute moral imperative.