ChatterBank2 mins ago
Are Taxes Really Higher Now Than Any Time Since The 1940'S?
This from BBC news online... (N.B. Johnson refers to Paul Johnson, director of The Institute for Fiscal Studies)
"Are taxes at their highest since World War Two?
Taxes are indeed rising to their highest level since the late 1940s, says Johnson. That's partly to do with the pandemic, but mostly it's due to the growth of the "welfare state", he says, for example rising spending on the NHS over decades.
At the same time, the economy has been growing at a "feeble rate" for the last 15 years, says Johnson. Compared to other Western European countries, he says, the UK has relatively low levels of taxation and public spending."
Do you remember the Beatles song "Taxman"?
"Let me tell you how it must be (Taxman, Taxman)
There's one for you, nineteen for me (Taxman, Taxman)"
I don't think the rich are paying 19 bob in the pound nowadays.
"Are taxes at their highest since World War Two?
Taxes are indeed rising to their highest level since the late 1940s, says Johnson. That's partly to do with the pandemic, but mostly it's due to the growth of the "welfare state", he says, for example rising spending on the NHS over decades.
At the same time, the economy has been growing at a "feeble rate" for the last 15 years, says Johnson. Compared to other Western European countries, he says, the UK has relatively low levels of taxation and public spending."
Do you remember the Beatles song "Taxman"?
"Let me tell you how it must be (Taxman, Taxman)
There's one for you, nineteen for me (Taxman, Taxman)"
I don't think the rich are paying 19 bob in the pound nowadays.
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