Tax the billionaires!
The EU, after a long investigation, found on 30 August that Apple has evaded $13 billion (£10 billion) in taxes. That’s just Apple. The EU has also ordered Starbucks to pay €30 million to the Netherlands, and is likely to order Amazon to pay €400 million to Luxemburg. And then there’s Google. And all the other tax-dodging billionaire corporations and their tax-dodging billionaire owners. The worst-off households pay a bigger percentage of income in tax (including VAT and such) than the best-off. In 2011-2, the worst-off 20% were paying 36.6% in tax, the best-of 20% were paying 35.5%, and the...