Are tax rises on the way? With taxes already at record highs but public services still under strain, the government faces tough choices. Helen Miller, the new director of the IFS (Institute for Fiscal Studies), warns that politicians aren’t being honest with voters and makes the case for bold tax reform. Book a free call to ask financial adviser Tom about your tax: https://makingmoney.email/call-with-Tom 🎉 Sponsors TaxZap - Do your personal tax return/self-assessment: https://makingmoney.email/taxzap Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney --- This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - High taxes but struggling public services 06:04 - Should the government borrow more? 10:19 - Why we need growth 14:44 - Why didn’t Labour make pro-growth reforms? 18:17 - TaxZap 19:25 - How taxes can boost growth 22:08 - Why is the government so big? 27:47 - Is the welfare system working? 31:48 - Why more money isn’t always the answer 37:12 - Why are politicians not changing things? 42:43 - Vanta ad 43:54 - Will taxes rise in the next budget? 48:23 - How the tax system is unfair 50:59 - Is a new wealth tax a good idea? 53:15 - How you actually tax wealth 57:21 - How to better tax labour income 01:03:13 - Can we still afford the state pension? 01:14:02 - Is there anything to be optimistic about?