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Comment by blatchcorn

I am not who you are asking but I want to chime in: the problem is not missing regulation, the problem is the rich decide on regulation and this regulation helps keep them rich.

Specific examples: UK capital gains tax is lower than income taxes. This means if you are born in to a wealthy family and given a £1MM index fund, you will pay less yearly tax on your capital gains while chilling at home all day than someone with a £50K job working hard and contributing to society

parent blatchcorn 5 years ago

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