Make the public sector pay a living wage

Proposer
philipjohn
State

Accepted

Vote Score

2

Age

3672 days


@philipjohn edited manifesto/economy.md - about 10 years ago

The personal income tax allowance will be set at the level of a full time living wage (currently £14,458.50 based on 252 working days of 7.5 hours per day at £7.65) and will rise inline with the living wage.

In order to stimulate adoption of the living wage, and act as a good example, all public sector organisations and National Infrastructure Organisations will be required to pay employees at least a living wage.

The rate of capital gains tax for individuals will be harmonized with the rate of tax on earned income, and all allowances for each will be pooled, in order to ensure that work is rewarded and incentivised to the same extent as investment.

Investigate viability of moving from an income-assessed direct taxation to wealth assessed direct taxation. Those who earn significant salaries but do not accumulate wealth or assets beyond a single property (ie ensuring a genuine 'trickle-down' to the service industries) should be taxed less. This means hard-work is still encouraged, high-earners are not forced abroad, but those who sit on vast sums of accumulated wealth would be penalised instead.

In parallel, work at an international level to get rid of tax havens outside British jurisdiction, and close international loopholes such as the "Double Irish Dutch Sandwich".

Floppy

@Floppy - about 10 years ago

👍 for the text, but this should probably be in a new 'public sector' section of the economy page, not where it currently is in the income tax section. Also, do you know of a reference we can add that defines how the living wage is set?

PaulJRobinson

@PaulJRobinson - about 10 years ago

Also 👍 to James suggestion about changing the sections.

PaulJRobinson

@PaulJRobinson - about 10 years ago

Could we add something about a fixed ratio between wages at the top and at the bottom of all public sector bodies. And also that any/all bonuses should be set at a consistent percentage of salary across each organisation.

Floppy

@Floppy - about 10 years ago

Sounds good, but let's make that a separate PR once this is in. I'll make the section change later on during the merge if @philipjohn doesn't get time today.

philipjohn

@philipjohn - about 10 years ago

Please go ahead @Floppy - I probably won't get time until Friday.

Floppy

@Floppy - about 10 years ago

Will move section in a separate commit