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TUC in economic dream world shock
The TUC still exist apparently. And they still live in the 19th Century.
General secretary Brendan Barber said extreme wealth was "socially divisive and morally objectionable".
The TUC says higher tax rates should be imposed on earnings between £100,000-£150,000 and over £200,000.
Limiting tax relief and tax avoidance measures open to the well-off could raise £5 billion, said general secretary Brendan Barber.
So the state begins to steal the fortunes of rich people. The TUC imagine not only that they will hang around to loose their money, but that this will be a perpetual £5bn income for the treasury.
Vote Labour.
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4 comments
Comment from: Mike [Visitor]
While most people in this day and age are realistic enough to see there is no going back to the days of the 90% top tax rate. Why shouldnt those on high incomes be required to make a larger contrbution to the society which enabled them to amass such a large fortune in the first place ?
Why should a bilionare CEO get away with paying less tax than his cleaner ?
Why should a bilionare CEO get away with paying less tax than his cleaner ?
12 Sep 2008 @ 16:24
Comment from: Da [Visitor]
Can't really argue with that sentiment, Mike. There is a problem with people avoiding tax in that manner.
My problem lies with the idea that someone paying 40% tax on their income (not to mention National Insurance, as far as it goes) is not paying enough.
I don't earn £100K a year but I don't feel that someone earning that amount and paying their due taxes should have to pay more.
They pay that percentage and thus pay more in tax if they earn more.
Why should anyone work only for the state to take over 50% of their earnings away in taxes?
My problem lies with the idea that someone paying 40% tax on their income (not to mention National Insurance, as far as it goes) is not paying enough.
I don't earn £100K a year but I don't feel that someone earning that amount and paying their due taxes should have to pay more.
They pay that percentage and thus pay more in tax if they earn more.
Why should anyone work only for the state to take over 50% of their earnings away in taxes?
13 Sep 2008 @ 19:56
Comment from: Junkmale [Visitor] · http://junk-male.blogspot.com
That's the great Socialist Labour way Da. Tax the rich so much that they take thier wealth overseas. That way they can deprive the nation of much needed funds. It also has a knock on affect on jobs etc.
Left wing policies will never understand the need for the country to make use of the wealthy. Many of whom have worked damned hard to earn thier fortunes.
Remember Mike, the CEO is employing the cleaner and probably dozens of others. Therefore benefiting the economy in many many ways.
Left wing policies will never understand the need for the country to make use of the wealthy. Many of whom have worked damned hard to earn thier fortunes.
Remember Mike, the CEO is employing the cleaner and probably dozens of others. Therefore benefiting the economy in many many ways.
14 Sep 2008 @ 02:52
Comment from: Mike [Visitor]
One doesnt have to be on £100K to be paying more than half ones earnings to the Government. After paying income tax and NI theyre probably going to giving some more to the Government in the form of some or all of the following.
Rates (or council tax on the mainland), VAT, CGT/CAT, Stamp duties, Vehicle Excise Tax, Fuel/Alcohol/Tobacco duties and all manner of stealth taxes (Even the TV licence is now categorised as a tax apparently). It may not be right for someone on £100K but what about someone on £200K or £400K or £1200 or more ? And should they (or some of them) really be getting those tax breaks and loopholes which enable them to pay little or nothing ?
Whether they "worked damned hard" or spent half the week on the golf course is pretty much besides the point though given that a lot or people on the minimum wage work damn hard as well.
Rates (or council tax on the mainland), VAT, CGT/CAT, Stamp duties, Vehicle Excise Tax, Fuel/Alcohol/Tobacco duties and all manner of stealth taxes (Even the TV licence is now categorised as a tax apparently). It may not be right for someone on £100K but what about someone on £200K or £400K or £1200 or more ? And should they (or some of them) really be getting those tax breaks and loopholes which enable them to pay little or nothing ?
Whether they "worked damned hard" or spent half the week on the golf course is pretty much besides the point though given that a lot or people on the minimum wage work damn hard as well.
14 Sep 2008 @ 13:54
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