Great piece of research by my @warwickecon.bsky.social colleague @arunadvani.bsky.social. Read the (short) article, not only the title! www.economist.com/britain/2026...
economist.com
Britain overtaxes well-paid workers
Many politicians like to lump high earners together as “the rich”, a cash-cow that can be forever milked. But Henry and Walter are different people. Henry (High Earner, Not Rich Yet) is a put-upon professional in his 40s, and earns most of his crust through labour. He earns too much for free child care and too little to comfortably afford a family house in inner London. Walter (Wealthy Already, Lightly Taxed, Ever Richer) is a millionaire many times over. His income mostly comes through capital gains. With four nannies for his four homes, free child care doesn’t matter to him.