One of us is a millionaire, the other a care worker. The cruel divide between rich and poor disgusts us both | Julia Davies and Winsome Hill

Britain’s cost of living crisis is disastrous for one of us and will barely touch the other. The best answer is a wealth taxJulia Davies is a member of campaign group Patriotic Millionaires

The new chancellor may have accepted this argument in theory, saying in his autumn statement that he is “asking more from those who have more”, but this is not the reality. A slight lowering of the threshold for the top rate of tax and some tweaks to the thresholds for dividend and capital gains taxes will, as one of us can testify to, hardly be noticed by those with real wealth.

We also need to make sure that people’s incomes are taxed at the same rate, no matter how they are earned. The reality of our current tax system is that money made from work, such as caring for vulnerable people, is taxed at a higher rate than money made from investments or the rising value of assets. The unfairness is maddening, and it’s also holding our economy back.

If ever you feel like you have too much money there is always a solution at hand, without ever needing to involve the inefficient and bloated government. It’s called charity and philanthropy

So hand over half you money to her and be less disgusted, and less wealthy

Bear with me a sec. I think I can see a solution.

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘I am genuinely excited to look like my dad’: how oyster grey hair got hotJulia Fox, Winnie Harlow and the USA footballer Sergiño Dest are among the big names choosing a look associated with ageing. What’s behind the trend?
Source: GuardianAus - 🏆 1. / 98 Read more »

Russia slams Pope over comments about 'cruel' Chechens in UkraineRussia has lodged a formal protest with the Vatican over Pope Francis&x27; latest condemnation of atrocities in Ukraine, in which the pontiff blamed most of the cruelty on Chechens and other minorities in an apparent effort to spare ethnic Russian troops from criticism. Spare me the tears . . 🙄 Off course! Let's be honest, they all act like savages, not just chechenians
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Japanese death-row inmates seek injunction and compensation for distressThree death row prisoners file a lawsuit against the Japanese government, arguing that execution by hanging is cruel and should be abolished, their lawyer says. maybe they shouldn't have murdered people if they didn't want to be punished for checks notes murdering people japan has a very eye for an eye justice system in japan it truly rings true, dont do the crime, and you WONT do the time they take crime VERY seriously, aussies can learn from them Please help. Law enforcement is abducting whistleblowers like Christina N and Landon K. They're trying to be heard justice_forkids
Source: abcnews - 🏆 5. / 83 Read more »

‘This is exactly what fixes marriages’: one-size fits all therapyA new documentary by Jonah Hill asserts that the same psychological tools can help us all. Can they?
Source: theage - 🏆 8. / 77 Read more »