The Mudcat Café TM
Thread #139474 Message #3199677
Posted By: Musket
01-Aug-11 - 10:05 AM
Thread Name: BS: Cuts or taxes (UK)
Subject: RE: BS: Cuts or taxes (UK)
I reckon there is a connection ringer.
That said, getting rid of 50% over £150K and lowering it to 40% isn't going to make anybody change why they do. If they squirrel now they will squirrel then.
If I thought this tax break would encourage inward investment then at the risk of angering a few people, I would say it is a good measure, but I fail to see how this would be so, and the country needs to address other tax issues if growth is to be assured. And considering I would be affected by such a measure, yet disagree with it, it doesn't say much about introducing it for short term popularity either.
Nobody wishes to pay more than they should, regardless of the scale of personal income. John MacKenzie rightly asks about minimum wage and pension, and despite those who would argue a government wants to make everybody poor, the higher the minimum wage, the higher the state pension, the more the government can claw back in indirect taxes to pay for services, so I never buy into the idea of Tory this and Labour that.
Any government needs consumerism in order to make these rich people rich in the first place. Shafting people through hate is generally reserved for socialist governments. Tory governments have to give you spending power in order to shaft you in the first place. Economics 101.