...a blog by Richard Flowers

Monday, March 05, 2012

Day 4078: Why Don't We Just Tax Chutzpah?


Warming up to take a pop at our own tax policy, I'm reassured to see that the Conservatories continue to be driven into conniptions over the 50p tax rate, this week with another group of concerned businesspersons contacting the Hello-o-graph to express their anxiety that rich people contributing to the coffers and not being driven to leave the country is in some way bad.

Still, you've got to be impressed by their CHEEK!

"We believe the richest should help the poorest in society..." they say. Before demanding to help just that little bit less.

Here's a DIFFERENT taxing idea instead: LOWER the threshold of the 50% band to £140,000 as we raise the personal allowance to £10,000 and get rid of the withdrawal of personal allowance – a tax cut for the rich paid for by the richer, and a more HONEST and TRANSPARENT way of raising the tax from the most well off.

No comments: