mactights.bsky.social

mactights.bsky.social

@mactights.bsky.social

Aging hippy craft beer, red wine, espresso, rock music, nature, birds especially raptors, cats, science, astronomy, photography πŸ΄σ §σ ’σ ³σ £σ ΄σ Ώβ˜•πŸΊπŸŽΆπŸ¦…πŸ¦‹πŸ’«πŸ“·πŸ±

518 followers253 following2.2K posts

mactights.bsky.social reposted

Prem Sikka
@premnsikka.bsky.social

This is how the UK Chancellor can increase the income tax personal allowance by Β£3,000. Must end/curtail subsidies to banks. Align tax rates on capital gains & dividends with those on wages. Inconvenience to a few, but millions will be lifted out of hardship.

leftfootforward.orgThis is how the Chancellor can increase the personal allowance and lift millions out of hardshipSustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population

mactights.bsky.social reposted

Prem Sikka
@premnsikka.bsky.social

UK Chancellor rejects calls to equalise capital gains and income tax rates. Could have generated Β£14bn a year. This perk benefits less than 1% of the people, mostly in London and South East England. Workers taxed at higher rates than the wealthy. archive.ph/cGk2B

ft.comHealey rejects calls to equalise capital gains and income tax ratesUK proposal had been backed by senior Labour figures, triggering nervousness among entrepreneurs and investors

mactights.bsky.social reposted

Prem Sikka
@premnsikka.bsky.social

Richest 1% of Britons owns more wealth than the bottom 70% of the population combined. 50 richest families hold more wealth than the poorest half of the population combined. The concentration of wealth in fewer hands has not provided the necessary economic stimulus. Need redistribution.

leftfootforward.orgThis is how the Chancellor can increase the personal allowance and lift millions out of hardshipSustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population