Abolish all forms of taxation except VAT. Make more essential goods and services VAT exempt. Then crank the rate of VAT sky-high for luxury goods and services. Make it a truly unavoidable Luxury Tax. If the 1% want their excesses, they can afford to pay 175% VAT on them (or whatever number balances the books).
Edit: Oh wait sorry, I forgot where I was for a second. I’d devalue the pound coin by 1p. If shops wanna charge £7.99 for something, they can have fun working out the change from eight 99p coins.
Abolish all forms of taxation except VAT. Make more essential goods and services VAT exempt. Then crank the rate of VAT sky-high for luxury goods and services. Make it a truly unavoidable Luxury Tax. If the 1% want their excesses, they can afford to pay 175% VAT on them (or whatever number balances the books).
Edit: Oh wait sorry, I forgot where I was for a second. I’d devalue the pound coin by 1p. If shops wanna charge £7.99 for something, they can have fun working out the change from eight 99p coins.