Body & Soul1 min ago
Will Labour Ever Learn?
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For more on marking an answer as the "Best Answer", please visit our FAQ.Labour's tax policies have always been based on envy, anyone on over £70k? Rich b'stards, tax them till the pips squeak. They never seemed to grasp that if you do that no one bothers too much trying to better themselves. Result? Massive under performance all round, yep That's the good ole labour way! No wonder only 4 Labour leaders have ever won and election.
TTT 23:24 "...Labour's tax policies have always been based on envy, anyone on over £70k? Rich b'stards, tax them till the pips squeak. They never seemed to grasp that if you do that no one bothers too much trying to better themselves...."
Do you think that the poor work hard enough? I hope you answer my question in good faith, i.e. your genuine opinion rather than something you have copied and pasted.
Do you think that the poor work hard enough? I hope you answer my question in good faith, i.e. your genuine opinion rather than something you have copied and pasted.
no doubt many "poor" work hard so when they put in some overtime is it fair that the government takes half of it? That's labour's policy, look at the last time real labour was in power the top rate of income tax was 97%, the basic rate was 33%, How is that an incentive? this is not just about working hard it's about learning new skills, earning more for a higher skilled job, having something to aim for, promotions etc. Socialism discourages that at a fundamental level because they use the tax system, primarily as a away to keep people poor, not merely for revenue. In 1980, TGL cut tax by 2 percentage points, that increased tax receipts over all. Labour have never grasped that.
Yes I think it would be a good thing and I think they do that with the thresholds etc. Personally I'd abolish direct taxation completely and make us like a large Monaco. The companies of the world would descend, wages would sky rocket. everyone would have much more disposable income and the take from indirect taxation would more than compensate.