The Guardian view on Britain's wealth divide: a gap becomes a chasm
《Guardian 》Commentary on the gap: the gap becomes a gap
《Guardian
Looking at a range of indicators, researchers from the Resolution Foundation thinktank did the maths on how 16 months of lockdown had affected households' wealth.The stark conclusion was that the pandemic had "turbo-charged" the already yawning gap between the rich and the poor.
Researchers at the Resolution Foundation think tank calculated how the 16-month lockdown affected family wealth by observing a series of indicators. The cruel conclusion is that the epidemic has rapidly exacerbated the already huge gap between the rich and the poor.
Resolution Foundation
In one sense this should come as no surprise.For decades, the unspoken rule of British politics has been that the asset-rich shall become richer.Adjusted for inflation, the value of household wealth has doubled since 1980, but revenue from taxes on wealth has remained more or less stagnant.
In one sense this should come as no surprise. For decades, the rule that British politics has not to be stated has been: wealthy people will become richer and richer. In order to regulate inflation, the value of household wealth has doubled since 1980, but the income from taxing the rich has more or less stagnated.
Reforms to capital gains tax were contemplated in the spring by the chancellor, Rishi Sunak, and then speedily returned to the back burner.Tax reliefs on savings and investments have gone untouched.
This spring, the Chancellor of the Finance Minister Rishi Sunak carefully considered the issue of capital gains tax reform, but quickly put it aside. tax exemption for savings and investments has not changed.
Rishi Sunak
Polls have suggested robust public support for higher taxes on wealth.This is based on a justified sense that the gap between the rich and the poor has become too large and that the rich have become richer in recent years.
Polls show that the public strongly supports taxing wealth. This is based on a reasonable perception that the gap between the rich and the poor has become too large, and the rich have become richer in recent years.
There is also a broad consensus that the times demand a greater level of government spending for the common good.When it comes to addressing the real terms decline in nurses' pay, dealing with the huge crisis in educational attainment, or addressing growing child poverty, the government routinely points to budget constraints.
There is also a broad consensus that the times demand a greater level of government spending for the common good.When it comes to addressing the real terms decline in nurses' pay, dealing with the huge crisis in educational attainment, or addressing growing child poverty, the government routinely points to budget constraints.
There is also a broad consensus that the times demand a greater level of government spending for the common good.When it comes to addressing the real terms decline in nurses' pay, dealing with the huge crisis in educational attainment, or addressing growing child poverty, the government routinely points to budget constraints.
There is also a broad consensus that the times demand a greater level of government spending for the common good.When it comes to addressing the real terms decline in nurses' pay, dealing with the huge crisis in educational attainment, or addressing growing child poverty, the government routinely points to budget constraints.
There is also a broad consensus that the times demand a greater level of government spending for the common good. When it comes to solving practical problems such as falling nurse pay, dealing with severe academic crises, or solving growing child poverty, the government has always used the reasons for a limited budget.
poor children
After 40 years of gains at the top, the case for reforming Britain's wealth-related taxes was strong before the pandemic.Given the huge challenges that an even more unequal post-pandemic Britain will face, it is now surely unarguable.
Before the epidemic, the income of the rich has experienced 40 years of growth, and the reasons for reforming Britain's wealth-related taxes have long been sufficient. Given the huge challenges that the more unequal UK will face in the post-epidemic era, the necessity of tax reform is unquestionable at present.
(Article source: The Guardian Translation: Sharp Dumpling Emrys)
