New Political Phrase - 'Fairer Tax System'
Discussion
Well it sounded like a great idea, but listening to Vince Cable this morning it apparently means (in his own words):
"Cutting taxes for people at the bottom...and the very well off people will have to pay for that"
Now, can someone explain how this is fair? Given tax is calculated largely on a percentage of income, the well-off are already paying significantly more than the poor, yet are more unlikely to use public services.
More politics of envy...
"Cutting taxes for people at the bottom...and the very well off people will have to pay for that"
Now, can someone explain how this is fair? Given tax is calculated largely on a percentage of income, the well-off are already paying significantly more than the poor, yet are more unlikely to use public services.
More politics of envy...
Monki said:
Should be a flat rate percentage tax for everyone, ie you pay 20% whether you earn £500million or £5000, I don't see why the harder you work the higher the percentage of your earnings go to government.
Agreed, and such measures would actually stimulate entrepreneurialism in this Country.It's the Lib Dems.
In terms of Parliamentary government, they've got about as much policy-forming clout as the Monster Raving Loonies.
Vince could stand up and say that all rich people have to give 99% of their income and a kidney to the state, and it'd be about as likely to happen.
One of the cool things about having no hope whatsoever of achieving real political power is that you can say anything you like, because you'll never, ever have to put your fiscals where your fillings are.
In terms of Parliamentary government, they've got about as much policy-forming clout as the Monster Raving Loonies.
Vince could stand up and say that all rich people have to give 99% of their income and a kidney to the state, and it'd be about as likely to happen.
One of the cool things about having no hope whatsoever of achieving real political power is that you can say anything you like, because you'll never, ever have to put your fiscals where your fillings are.
Edited by CommanderJameson on Monday 21st September 09:32
JMGS4 said:
JJCW said:
Deva Link said:
It's not fair that some people are better off than others....
I'm poor, can you send me some money please? 
k all to deserve it! Some rich people are earning it for me!
Monki said:
Should be a flat rate percentage tax for everyone, ie you pay 20% whether you earn £500million or £5000, I don't see why the harder you work the higher the percentage of your earnings go to government.
I totally agree with you.The government, on the other hand, will take the view that you're less likely to cause riot & revolution because you can only afford 2 Astons.
sa_20v said:
Deva Link said:
It's not fair that some people are better off than others....
Please tell me you were being sarcastic...Monki said:
Should be a flat rate percentage tax for everyone, ie you pay 20% whether you earn £500million or £5000, I don't see why the harder you work the higher the percentage of your earnings go to government.
A single flat rate consumption tax is even fairer. Income related taxation discourages investment and saving. Monki said:
I don't see why the harder you work the higher the percentage of your earnings go to government.
I don't know about that - I've found that the higher I've progressed up the promotion ladder the less actual work I do, for more money. And by 'work' I mean grime under the fingernails work as opposed to sitting at a desk and getting others to do the heavy lifting Not that I'm complaining though!
Deva Link said:
sa_20v said:
Deva Link said:
It's not fair that some people are better off than others....
Please tell me you were being sarcastic...Some people definately deserve to be better off than others though. There are people that have worked their asses off building successful businesses, i on the other hand haven't. Do you really think i should be just as well off as them?
I rarely want to stand up and help those who are rich, But it's just another tax on the people who have worked hard and bettered themselves (granted, there are people who inherit large houses and family fortunes) but I find it really discourageing to go out and work hard and to get a good job when all that will happen is you will have more taken away to fund the giant plasma TV's sitting in the council houses. 
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