Comments by "Greg Greg" (@SlowhandGreg) on "Are we about to see the return of Boris Johnson?" video.

You can paint Sunak as on the take but i think he really is a true believer in small state Trickle Down Supply side economics. He still has the IEA swilling round As a follower of the Chicago school as develoved by Friedman he genuinely believes in Trickle down and that the wealth CREATORS are at the top The grossest example of this in the last budget was the millionaires pensioners tax cut which is being paid for with higher taxes at the bottom and middle unlike Truss hes not stupid or sniffing the old powder and at least balances the books. The whole problem though is after 13 years of this 3 severe economic shocks 1 self inflicted the well at the bottom is pretty dry and his last budget has started to really squeeze the middle class and pensioners as well by not raising thresholds. The remedy to this is a wealth tax, tax realignment and shutting down the myriad of tax loopholes problems with the wealth tax is the media it would be wall to wall non experts telling you how it would be so destructive to the economy capital flight etc. If you want in detail analysis try GarysEconomics channel
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@skyblazeeterno There's already property and stock taxes called Capital Gains Tax In 2016 Sunak along with his Party voted to reduce these to 20% In 2021 the Budgetary office recommended these be realigned with income tax Sunak declined to act on the recommendations. This would raise 14 Billion As an aside Sunak paid the bulk of his income as CGT @ 20% There is plenty of money in the system if you know where to find it ;)
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