I think we need to increase taxes permanently, and start spending more money on essential services again. But we need to tax in a fairer way, aiming to reduce inequality. I'd be looking at captital gains tax and the huge discounts we give. And unpopular as it may be I think we should tax gains on residential homes. Which would not actually be as much as people would fear - once you take out a deduction for interest payments, stamp duty, rates and all the other costs most people would not actually have that much gain, but people who receive windfalls from being in the right spot would contribute some of that back to society.