Income tax - the tax you pay on wages you receive from your main job - should be as low as possible. Conversely, taxes levied on unearned income should be far higher than is currently the case.
It’s not only perverse but morally bankrupt that capital gains tax is lower than income tax.
Yeah, very much so. The Greeks lied, the rest of the EU knew the Greeks lied, but preferred that at the time to the alternative. Where there was some anger (including at the EC) was that after entering the Eurozone with weak credentials, there was an unstated expectation that Greece was late/slow but would make up the numbers, while what happened in Greece was more like after university exams are done…
Fundamentally, the accession to the Eurozone significantly overstated Greek wealth/prosperity/productivity, and that in turn allowed an unsustainable level of debt to develop. The fundamental reason for austerity was that that overstatement had to be corrected downward. The markets were not willing to carry it if the EU wasn’t.
I think that removes more agency that it should from Greece, but yes, that Goldman derivatives deal did help move the numbers. Sort of a little sneak preview of the US real estate fiasco.
Income from second home or HMO rental should probably be hiked up.
Got a call from a letting agent, and just made up a quotation for refurb of old single glazed sash & case windows in an HMO.
Property is a bit of a shithole, and the windows are letting storm Bert in like water through a colander.
Poor lad who let me in was wrapped up like the nook of the north, and paying £1000 pcm for his draughty room.
I find that a great deal of the anti-Starmer contingent object to him not being Corbyn. However, this petition has been shared online with people encouraging MAGA types in the US to sign it, providing them with sample UK postcodes.
I checked a couple of given postcodes and they were for Downing Street and Buckingham Palace. I’m guessing that voter impersonation is not their forte.