Description
Book SynopsisGeneration rent is getting fed up with the boomers. We know something is going wrong with wealth inequality.
The gap is widening between those that own houses, shares and other assets, versus those that don’t. The more
you own, the wider the gap. This book is about ‘wealth inequality’ not ‘income inequality’. Over the past hundred years, governments have had a track record of reducing income inequality; through taxes on income and the provision of benefits, as well as publicly funded health and education. Wealth inequality is a different matter. We have seen the prices of houses,
shares and other assets rise inexorably. Fine if you are an owner. Not so fine if you are a renter, or someone wanting
to buy a home, or invest in a company.
Solving these challenges is, however, not as difficult as it may appear. In this A-Z we look at how the state causes
inequality, why it is damaging and what can be done about it.
Table of ContentsForeword xi
Introduction 1
Avoidance of tax 9
Bank bailouts 11
Capital gains tax 13
Debt and interest 15
Entrepreneurs’ and Business Investment Relief 17
Farm subsidies 19
Green taxes and subsidies 21
Housing and other stamp duty 23
Inflation 25
Jail is for the little people 27
Kicking the can down the road 29
Lifetime ISAs 31
Marginal rates of income tax 33
National Insurance 35
Offshore tax havens 37
Planning regulation 39
Quantitative easing 41
Rates and council tax 43
Self-Invested Personal Pensions (SIPPs) 45
Trusts and inheritance tax 47
Unpaid wages 49
VAT 51
Women and wealth 53
X marks the spot of hidden treasure 55
Young people 57
Zero Interest Rate Policy (ZIRP) 59
Conclusion 61
