Tag Archives: Wealth

The Money Tree (Part 4)

Continuing the reasons for not increasing taxes on the wealth from the previous Money Tree blog. Reason 3: It is socially divisive such that the rich resent the poor who are benefiting from their work. However, I would think that the reverse is more pertinent that the poor and middle class resent the rich who… Read More »

The Money Tree (Part 3)

Following from the previous The Money Tree blog we are now looking at reasons for not increasing taxes on the wealthy. Reason 1: High taxes reduce investment, thus reducing the support for businesses/entrepreneurs, increasing unemployment and decreasing growth. This is related to Reason 2 – High taxes are a disincentive to individuals to make money.… Read More »

The Money Tree (Part 2)

Following from the previous post on the Money Tree looking at the capital of the wealthy, lets have a look at incomes using the government’s statistics, Table 2.4 It has been reported that the wealthy are paying relatively more tax. This is true, 53.5% vs 58.5% for 2010-11 vs 2016-17. Since 2010, the increased burden… Read More »