Rightfully rewarded

Think tank: Bright Blue

Author(s): Sam Robinson; Ryan Shorthouse

January 30, 2022

This report from UK think tank Bright Blue looks at reforming taxes on work and wealth.

The report proposes that the UK should lower taxes on an individual’s work to aid the post-COVID economic recovery and reward effort and enterprise. At the same time, the UK should increase taxes on an individual’s wealth to some extent to offset in part the losses in revenue from lowering taxes on work, as well as respond to rising wealth levels and the increasing role of luck and inheritance in life outcomes.