The Tax Working Group turned down a wealth tax, arguing that other countries have found it difficult to put into action because people can declare they have less wealth than they do and so conceal their prosperity relatively easily. But there are some easy methods for getting around that. Wealth under western culture is near to 50% in the property, and 50% in Stock Markets. With regard to talk about holdings etc, information about this is all accessible to the nationwide authorities, so little halts them levying an abundance taxes on the share holdings too predicated on the current market values of the stocks.
Future government authorities could choose to tinker with the degrees of these taxes relative to one another, which could be a useful tool for incentivizing private traders away from Housing Bubbles etc and toward more effective investments. For that good reason, day in the present, I will suggest the nationwide government focus on only the real estate taxes, and at a low level initially, and see how that goes. Get councils to up their Rates by a collection amount and complete the difference to the government. The govt might even set slightly different Rates for different areas predicated on climate emissions if it wanted.
Asking ‘What should I do with my life? Mr Bronson. ‘Asking aspires to get rid of the issue between who you are and what you do. Answering The Question is the way to protect yourself from being lathed into someone you are …
