UK Budget – The End of Democracy?
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UK Budget Fallout: Why Tax Hikes Target Everyone But the Rich and the Erosion of British Democracy
Understand the core reason the upcoming UK Budget forces tax increases on the public and discover how concentrated wealth distribution controls political power, overriding voter mandates.
Short Summary
- The budget will usher in broad tax rises because significant post-COVID wealth transfer has left the government indebted heavily to the rich.
- This financial dependency compels the government to appease financial markets, even if it violates campaign promises not to raise income tax or VAT.
- Refusing to implement a wealth tax guarantees that ordinary workers must be squeezed further to pay interest owed to asset holders.
- Orientation: This analysis breaks down the debt dynamics that dictate current fiscal policy, explains why elites guard against wealth redistribution, and details the resulting erosion of democratic choice. Use this knowledge to understand your rising financial burden and the necessity of unified political action.
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Related videos
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Top Comments (10)
All I wish for Christmas is for Gary to eat one of those digestives.
I find it annoying that we bailed out the finanical market in 2008 and now we are subserviant to them, rather than them working for us.
I am 66 and now working harder than ever with no sight of retirement. Is this the new assisted dying?
"none of which will target the very rich" Tells you exactly who "our politicians" work for
It's more like having cancer and your doctor knows you have cancer but is being paid by the owner of the hospital to pretend cancer doesn't exist.
Spoke to someone who moved from London to the middle east, and they were explaining to me that because they lived in the middle east now, they no longer had to pay taxes on their rental properties. That loophole needs to be closed. If you want to buy property in the UK and rent it, you need to be taxed appropriately. So much of the UK is being priced out of its own property market.
The game of monopoly analogy is CRUCIAL. If you own the properties which are most landed on, you win the game. Full. Stop. If you own the assets which others HAVE to pay you for (houses etc) you will bankrupt every other player and you will bankrupt the bank (the government). When the most landed on assets are owned by the same people, that's a monopoly in the asset markets. Governments are supposed to break monopolies by disincentivizing large shares of ownership of assets.
Very sad this is your last one for this year. A breath of fresh air in a toxic world Thank you Gary ❤
Came here from a Map Men episode :)
It’s the George Carlin sketch “It's a big club, and you ain't in it" famous quote from George Carlin's 2005 stand-up special Life Is Worth Losing
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Top Comments (10)
All I wish for Christmas is for Gary to eat one of those digestives.
I find it annoying that we bailed out the finanical market in 2008 and now we are subserviant to them, rather than them working for us.
I am 66 and now working harder than ever with no sight of retirement. Is this the new assisted dying?
"none of which will target the very rich" Tells you exactly who "our politicians" work for
It's more like having cancer and your doctor knows you have cancer but is being paid by the owner of the hospital to pretend cancer doesn't exist.
Spoke to someone who moved from London to the middle east, and they were explaining to me that because they lived in the middle east now, they no longer had to pay taxes on their rental properties. That loophole needs to be closed. If you want to buy property in the UK and rent it, you need to be taxed appropriately. So much of the UK is being priced out of its own property market.
The game of monopoly analogy is CRUCIAL. If you own the properties which are most landed on, you win the game. Full. Stop. If you own the assets which others HAVE to pay you for (houses etc) you will bankrupt every other player and you will bankrupt the bank (the government). When the most landed on assets are owned by the same people, that's a monopoly in the asset markets. Governments are supposed to break monopolies by disincentivizing large shares of ownership of assets.
Very sad this is your last one for this year. A breath of fresh air in a toxic world Thank you Gary ❤
Came here from a Map Men episode :)
It’s the George Carlin sketch “It's a big club, and you ain't in it" famous quote from George Carlin's 2005 stand-up special Life Is Worth Losing