The Week The Week
flag of US
US
flag of UK
UK
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

SUBSCRIBE & SAVE

Less than $3 per week

Sign in
  • View Profile
  • Sign out
  • The Explainer
  • Talking Points
  • The Week Recommends
  • Newsletters
  • Cartoons
  • From the Magazine
  • The Week Junior
  • More
    • Politics
    • World News
    • Business
    • Health
    • Science
    • Food & Drink
    • Travel
    • Culture
    • History
    • Personal Finance
    • Puzzles
    • Photos
    • The Blend
    • All Categories
  • Newsletter sign up Newsletter
  • Saturday Wrap, from The Week
    Trump's controversial move, the 'most hated' tax, and Sweden's moving church

     
    controversy of the week

    The 'most hated' tax

    "It's hard not to feel some pity for Rachel Reeves," said Mark Littlewood in The Telegraph. As she prepares for her Autumn Budget, the chancellor finds herself facing an impossible "three-pronged conundrum". First, the fiscal picture is bleak: Reeves needs to plug a black hole in the public finances of between £20 billion and £50 billion, depending on your estimate. But secondly, "she cannot cut government expenditure at all" – Labour's backbenchers have already cried blue murder at attempts to even "marginally trim" our ballooning welfare state. Thirdly, she has boxed herself in with her campaign pledge not to raise tax on "working people" by increasing income tax, National Insurance or VAT. That fiscal straitjacket has left the Treasury desperately casting about for other tax-raising schemes, said Chris Blackhurst in The Independent. A wealth tax? A mansion tax? A gambling tax? Word is that her latest wheeze will be targeting people's inheritance. Reeves' advisers "know that people are sitting in homes that have soared in value … and they want some of it".

    The fact is, Reeves "needs money", said The Guardian, and targeting inheritance is a fair way to raise it. She is reportedly considering either placing a lifetime cap on the value of property or other assets a person can hand down, or cutting the "seven-year rule" that allows a person to pass on gifts tax-free up to seven years before they die. Both modest amendments would affect "only a wealthy minority": fewer than 5% of all deaths attract inheritance tax. Yet the policy would be "greeted with horror", including by many Labour voters, said Stephen Glover in the Daily Mail. Polls show inheritance tax is "the most hated tax in the country" – resented even by those who don't have to pay it. Why? Partly because more and more striving middle-class families are being dragged into its long-frozen £325,000 threshold. But also because most people recognise the inherent "injustice of being forced to pay tax on money that has already been taxed once", when it was first earned.

    Whether it's taxing inheritance, wealth, or capital gains, soaking the rich is "the left's new magic money tree", said Robert Colvile in The Sunday Times. But it won't be enough. The rich already pay their fair share: "the top 1% earn 13% of the money but pay 28% of income tax". Nor do they hoard their wealth "in vast caverns of gold coins, Scrooge McDuck-style". Much of it is bound up in companies, and taxing them would hamper growth. Even then, if we grabbed a "whacking" 15% of everything the UK's 350 richest people own, it would cover only a year of the UK's debt interest payments. Something's got to give, said Polly Toynbee in The Guardian. Defence, health, old age, infrastructure – the country needs money. Everyone will have to pay more: the rich and the rest of us. Reeves must be radical in the next Budget. Even income tax, not raised since 1975, "can't be taboo".

     
     
    talking point

    Trump's Washington takeover: a justified intervention?

    Some 800 National Guard troops have been deployed

    Donald Trump is once again mobilising troops to deal with a phoney "emergency", said W.J. Hennigan in The New York Times. In June, he deployed nearly 5,000 soldiers to Los Angeles after protests broke out over his immigration policies. Last week it was the turn of Washington DC, to which Trump sent 800 National Guard troops and 500 federal agents. The US capital, he declared, had been "overtaken by violent gangs and bloodthirsty criminals, roving mobs of wild youth, drugged-out maniacs and homeless people". He vowed to rescue it from "bedlam and squalor" and to let the police "do whatever the hell they want". Never mind that recent data shows that violent crime in the city is at a 30-year low. It's a classic piece of "fearmongering", laced with bigotry, said Melissa Gira Grant in The New Republic. Trump is now threatening to send troops into other "very bad" cities, such as Chicago, New York, Baltimore and Oakland. Is it just a coincidence that these are all Democrat-run cities with Black mayors?

    There are good reasons to be suspicious of federal overreach, said Robby Soave in The Hill, "so I understand a certain level of reflexive distrust at what Trump is doing here". But there's no denying that Washington has a problem with crime, from gangland shootings to "flash mobs of teenagers stealing cars and vandalising convenience stores". It's telling that DC's mayor, Muriel Bowser, while critical of Trump's rhetoric, seems keen to work with him. DC's police union outright welcomed his intervention. Critics may paint it as an authoritarian power grab, said Charles C.W. Cooke in National Review, but it's entirely within the bounds of the constitution. While DC was granted home rule in 1973, making it akin in some ways to a state, it's officially a federal enclave where the president has every right to assert his authority.

    Crime has decreased in DC over the past couple of years, said Heather Mac Donald in The Boston Globe, but it's still at an unacceptable level. The city's homicide rate last year was 27.3 deaths per 100,000 residents. By comparison, New York City's equivalent figure was 4.1; London's in 2023 was 1.2. "Anywhere else in the industrialised world, the DC crime situation would constitute a national emergency." The problem is concentrated among certain poorer areas and demographics, said Charles Fain Lehman in The Atlantic. In 2023, the last year for which full data is available, 3.4 out of every 1,000 young Black men between the ages of 15 and 24 in Washington died by homicide. That's on a par with the mortality rate of US combatants in Iraq.

    There's a problem all right, said Marc Fisher in The Washington Post. But it's hard to see how anything will be much improved by having a few hundred National Guard troops standing around on street corners. If the president really wants to make a difference, he should take more practical steps such as addressing the city's "breathtaking truancy rate": almost a third of DC schoolchildren routinely skip school. More federal funding for counsellors, truancy officers and vocational training would pay dividends. Instead, this funding has been cut. Trump has an "uncanny knack for identifying the problems that really bother voters", but he rarely follows up with helpful solutions, not least because he hasn't the patience to push tricky reforms through. Washington would benefit from a concerted campaign to address the root causes of its crime and disorder. Sadly, it's getting just another of Trump's "made-for-TV stunts".

     
     

    Spirit of the age

    Doggy Ozempic is coming soon. The biotech firm Okava has announced trials for a weight-loss drug for dogs, an implant that uses the same active appetite suppressants as "fat jabs" Ozempic and Mounjaro. Dogs will still show an interest in meals, said Okava, "just without the excessive begging, scavenging or gulping behaviour". Up to 60% of dogs in the UK are estimated to be either overweight and obese.

     
     
    Viewpoint

    The Great Introspection

    "The speedy advance of technology, from AI to robotics, is amplifying an existing tendency: the Great Introspection. Humans are antisocially avoiding human interaction wherever possible. In San Francisco, people will now wait longer and pay 50% more to get a driverless cab. Japan has a special name for those who stay pathologically alone in their flats: hikikomori. Most Britons say their social circle has got smaller. Nearly half of all Britons now socialise with family and friends just once a month. Perhaps there is a deep streak of misanthropy in human nature, and the idea that we are social animals is a polite fiction. As Sartre put it as far back as 1944, 'l'enfer, c'est les autres'." 

    Sean Thomas in The Spectator

     
     
    talking point

    University: a waste of time and money?

    Hundreds of thousands of nervous teenagers received their A-level results last week, said Shuab Gamote in The Observer. For nearly 40% of 18-year-olds, the next step will be university, which is "still sold as the surest route to success". But is a degree really such an advantage today? Many are beginning to doubt it, said Zoë Beaty in The Independent. The average total debt built up by students in England is now £53,000, yet the days when a degree was a ticket to a job are long gone. Graduate job openings are at their lowest level in seven years, according to recent reports. It's partly down to the rise of AI, which is reducing entry-level roles in consultancies, law firms and other businesses.

    Ministers insist that the "graduate premium" still applies, said Fraser Nelson in The Times, but that's only true on average. The top graduates do indeed earn a lot more: study economics at Bath, computing at Southampton or law at Oxford and you'll likely see a very nice return on your £9,535-a-year tuition fee. But a sizeable minority of students end up worse off as a result of going to university. The answer is to publish salary figures for every course, so that students can make an informed decision. This data exists but ministers are declining to make it publicly available for fear of exposing the fact that some courses in our massively expanded university sector are terrible value for money.

    Let's face it, said Simon Jenkins in The Guardian, England's university system is "a mess". Student debt has reached £267 billion, much of which will never be repaid. Because domestic fees aren't high enough, universities have become dangerously reliant on fees from international students, the numbers of whom are now falling. Meanwhile, employers are becoming increasingly cynical about the value of degrees. "The solution is glaring: cut back." Let's have fewer universities and more vocational colleges. Let's have shorter degree courses: they don't need to be stretched out over three years, with endless holidays. Let's make higher education free at the point of use, recouping the costs of tuition through a modestly higher rate of tax on graduates that lasts throughout their working lives. "The evidence is accumulating that we send far too many young people to university," said Roger Bootle in The Telegraph. For most students, it's a worthwhile and fun experience, and the country boasts some brilliant universities. But the reality is that for many, a degree is a waste of time and money. We'd all be better off if such people instead went straight into the workforce.

     
     

    It wasn't all bad

    A complex operation to save a 113-year-old church in Sweden’s northernmost town, Kiruna, became a national sensation this week, as millions tuned in to watch the entire 672-tonne building being carefully rolled
    to a new home three miles away. The Kiruna Kyrka, a red timber structure located 124 miles inside the Arctic Circle, was at risk of being swallowed by subsidence caused by iron-ore mining. After it was lifted on to a flatbed trailer, thousands of Swedes, including King Carl XVI Gustaf, lined the streets to witness its almost 1mph progress. The entire town is set to be relocated to the new site in the coming years.

     
     
    people

    Sharon Stone

    Sharon Stone is a huge star, but she reckons she has never received the credit she deserves as an actress. She believes her performance in 1992's "Basic Instinct" was virtuoso – but overshadowed by the furore about that shot up her skirt. And even when she was nominated for an Oscar, for her role in Martin Scorsese's "Casino", Hollywood's "powers that be" were upset, she says – because they thought that if anyone should have got the nod, it should have been her co-star, Robert De Niro. Still, it didn't trouble her too much when she missed out on the gong, as she'd been warned that she wasn't going to win, she told Simon Hattenstone in The Guardian.

    Before the Oscars, at a glitzy Hollywood party, Francis Ford Coppola had come up to her and "put a hand on my shoulder. He said: 'I need to tell you something and it's really hard… You're not going to win the Oscar, Sharon.'" Why, she asked. "I didn't win it for 'The Godfather' and Marty didn't win it for 'Raging Bull', and you're not going to win it for 'Casino'. They can't hear opera." Not everyone will understand your talent, he added, but your performance will "stand the test of time"; and at least when you lose, "you will lose with Marty and you will lose with me… You will always be in our losers' circle." She allows herself a smile. "So that is what I have carried through my life – that I am a big fat loser like Marty and Francis Ford Coppola."

     
     

    Image credits, from top: Kevin Dietsch / Getty Images; Oliver McVeigh / Pool / AFP / Getty Images; Leon Neal / Getty Images; Charles Sykes / Bravo / Getty Images
     

    Recent editions

    • Morning Report

      Trump's 'unlawful' U.S. attorney(s)

    • Evening Review

      Newsom's trolling triumph

    • Morning Report

      Israel's double assault

    VIEW ALL
    TheWeek
    • About Us
    • Contact Future's experts
    • Terms and Conditions
    • Privacy Policy
    • Cookie Policy
    • Advertise With Us

    The Week is part of Future US Inc, an international media group and leading digital publisher. Visit our corporate site.

    © Future US, Inc. Full 7th Floor, 130 West 42nd Street, New York, NY 10036.