So the UK government tried to raise income tax…
and then backed off because their own forecasts showed it wouldn’t bring in any money.Why?
Because the UK hollowed out its whole economy:
no industry
low wages
everything financialised
asset bubbles instead of real output
They literally can’t tax workers because there’s nothing left to tax.
This is what happens when a country chooses housing, migration and finance over industry.
Looks a lot like where Australia is heading too.
Thoughts?
