The Mudcat Café TM
Thread #161908 Message #3851644
Posted By: Dave the Gnome
21-Apr-17 - 10:19 AM
Thread Name: BS: UK General Election
Subject: RE: BS: UK General Election
Just had a thought - Maybe 'fair' should be that everyone has enough to live rather than just survive? Works for me.
Second thought while I was typing - No need to refactor anything but I will rephrase. If someone with £10 has to buy an item for £1.20 and 20p of that is VAT then they have used 2% of their money on VAT. If someone with £100 buys the same item they have only used 0.2% of theirs. The poorer person has paid 2% in tax while the richer one has only paid 0.2%. It would be much fairer to remove this inequality and simply apply income tax more evenly. I am lucky enough to be well over the mentioned threshold (but well under the one where my allowances reduce I must add!) and I would happily pay an extra 5% on my higher earnings. Maybe others think differently and that is why we constantly get reduction of taxes for the rich and austerity for the poor.