What policies should we propose to maintain a competitive economy that provides sufficient employment?
What policies should we propose to maintain a competitive economy that provides sufficient employment?
Ensure worker-owned cooperatives and mutuals are given priority with all government contracts.
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.
I'd want to look at the taxation thing in more detail, as I don't quite follow it, but as you say 'investigate', I'm happy 👍
@frankieroberto - over 10 years ago
Not sure this should go in – taxing businesses based on revenue would be crazy, as margins can vary hugely from business to business, and allowing pre-tax personal expenses would massively reduce the tax take.
Needs more thought I reckon.
I'm confused - this PR doesn't discuss changes to business taxation as far as I can see.
@frankieroberto is your objection above based on the change in this PR, or on the text currently in https://github.com/openpolitics/manifesto/blob/gh-pages/economy.md#business? That's a different thing...
@timcowlishaw - about 10 years ago
Definite 👍 to giving co-ops and mutuals priority for public tenders. Not sure I follow the taxation thing entirely, and I'm conscious that we're approaching taxation in a rather piecemeal manner, with elements of tax policy in several unrelated PRs. Perhaps a new PR for an overall discussion of tax policy would be good?
Agreed that taxation should probably be gathered together and reviewed as a whole in another PR. Merging this one now though, as agreement is reached.
The OpenPolitics Manifesto
@PaulJRobinson - over 10 years ago
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