❗The tax code in the UK is designed to favor the wealthy.
💰Wealthy homeowners benefit from tax policies that allow them to pass on their wealth untaxed.
🔍The tax system perpetuates inequality and prevents meaningful reforms.
🧱Reforming council tax and capital gains tax could help level the playing field.
💡Shifting the tax burden from work to wealth could fund important initiatives like education and climate change.
What is wrong with the UK tax system?
—The UK tax system is skewed in favor of the wealthy, allowing them to pass on their wealth untaxed and perpetuating inequality.
How can the tax system be reformed?
—Reforms can be made to council tax and capital gains tax to create a more equitable system.
What would be the benefits of shifting the tax burden from work to wealth?
—Shifting the tax burden would help level the playing field, fund important initiatives, and reduce income inequality.
What priorities could be funded with the revenue from tax reform?
—The revenue could be used to invest in education, tackle climate change, and support infrastructure projects.
Why is it important to address the inequities in the tax system?
—Addressing the inequities in the tax system is crucial for promoting social and economic equality and creating a fairer society.
00:00The UK tax system favor the wealthy, landlords, and richer homeowners.
02:52Reforming council tax and capital gains tax could help level the playing field.
06:00Shifting the tax burden from work to wealth could fund key initiatives like education and climate change.
