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Comment by DaedalusII | Hacker News Reader

https://www.adamsmith.org/blog/apparently-the-nhs-is-the-wor...

https://www.england.nhs.uk/wp-content/uploads/2020/02/removi...

nhs is famous dumb and has spent years trying to stop using fax machine. £330 million is nothing over a few years.. NHS budget for 2024/25 is circa £242 billion.

the entire annual intake from capital gains tax is £20 million or so

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I think you mean £20 billion for that latter figure. This is largely because a significant amount of assets are held in ISA's (£20k a year contribution per person allowed) , or via personal property which is capital gains exempt or in a pension which is again, capital gains exempt.

Thus only the wealthiest are outside these boundaries, and they often will not liquidate holdings until their death to pay inhertiance tax, or in trusts which will liqudiate over decades as they can pay inheritance tax over a very long period.

This is not to mention the large amounts of off-shore holdings.

Many people opt for off-shore bonds (which have a number of advantages) which means paying normal tax instead of capital gains, so the capital gains figure doesn't really capture investment as a whole.

Don't care. I don't want any of the wankers over there at Palantir involved with the NHS.

(source: a UK voter)

"dumb". Call it what it is, corruption

Sorry but the Adam smith institute is a ridiculous think thank that cherry picks Adam smith, he would be spinning in his grave at the misuse of his name.

it's not an Adam Smith fan club it's an independent research think tank, easily one of the best, up there with Brookings...

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