Some basic points. The overall tax base cannot be cut without a fall in government expenditure. This can either mean a cut in the services provided by government or an increase in the economy. The latter is increasingly unlikely!
At present we are seeing virtually all sectors of the economy hit by increasing inflation of costs, and higher taxes. This does not appear sustainable. The only sector seemingly immune is the financial sector where record bonus payments have been made, and those who profited from Covid and recent energy rises.
Wages have to go up for most of the population so the answer would seem to be fairly simple. Firstly reverse as much of Brexit as possible. Secondly reduce corporation tax to encourage investment. Thirdly introduce a 60% income tax on all net individual earnings.
Then the whole council tax system needs sorting. Second home owners should pay a premium rather than be exempt if they do not occupy for long enough during the year. People need to rent and let rather than buy to ensure/reflect economic mobility. There needs to be inspectors who can set a fair rent – if the landlord does not like it they can sell. With a fair rent tenants and landlords can be happy. Business tax is destroying the high street by not levying a fee on the likes of Amazon. High Streets provide local jobs and the knock on. Globalisation is anti-localisation. Society needs to rebuild on local levels after covid, with help and community words to the forefront and profit and greed relegated to the bin.
We can build a better society in which we all participate if the media stop creating hate and jealousy.