What gets me, is the Tories crash the economy with Brexit and being incompetent, every time they get in. Then it’s ordinary working people who have to pay for their economic failures. Austerity isn’t a thing to the well off. It is to working class people. Taxation shouid be increased to all the rich, corporations, billionaires and let them get us through this as the working class held the line during the pandemic. But, here we are with that Tory bastard Starmer willing to make cuts and not tax those with the gold. If the coward brought in the tax we have in Scotiand for high earners, that £18b hole is filled. He will be in for one term and then it’s back to another decade run by those Tory fucking vermin.
Well, they are a shower of despicable, lying cunts. They blame everything apart from themselves.I didn`t hear Sunak once mention Brexit as being a major cause of this country`s fucking horrendous financial mess we are currently. mostly brought about by that lying shower of fuckwits Johnson, Gove, 7 times out of 7 unelected Nigel Farage and other. I have heard the the war in the Ukraine and and Covid are the only reasons why we are in this fucking mess.
Need to stop cunts like Radcliffe earning billions, living abroad to not pay tax, and still do business in this country.
Never understand why, if you earn so much money that you'll never spend it all that you want to dodge tax. Greedy cunts.
The top 10% of earners contribute 60% of all income tax receipts, so I would say that people on the top rate do actually pay their tax.
Much of what you say is right, but the German economy is in basket case territory. The supply side is defunct.I'm not supportive of tax cuts for any group because we should pay fair amounts but governments also must be responsible with our money. Labour and the Tories have burnt through our money over the last 20 years, they've sent us to war, we had the 2008 crash and then we had COVID.
What has really happened is they've spent trillions and trillions on everything except public services. They spent £300bn during COVID, they spent £130bn bailing the banks out in 2008, they funded tax cuts through increased borrowing. We will soon pay tens of billions to send a handful of migrants to Rwanda and we're already paying £100bn for a railway system that nobody wants or needs. All of this spending comes at a cost to everything else.
As growth has flatlined over the years they've funded all of this spending through borrowing which has increased our national debt and then they've printed money. Printing money has collapsed our currency to the point that today the £ is 50% weaker than the dollar versus 15 years ago prior to 2008.
In Europe they haven't done these things, they spend a huge amount more money on infrastructure and they haven't borrowed crazy amounts. This is why countries like Germany pay similar tax and yet their national debt is nearly half of ours and everything is brand new and works!
When you consider all of the above, how anybody can argue to pay even more tax is beyond me, tax is not the problem.
When i first started work income tax was 33% of my wages and i was happy about that as we had decent public services. You could see a Doctor, a Dentist, there were libraries and youth clubs, the roads were decent to drive on, potholes were rare. local government had money to spend on essential services like mental health provision etc etc.
Tax cuts are always proclaimed by the Tories as giving you more money in your pocket, which is fair, but if you get an extra quid in your pocket a week from the cut whilst a person earning a Million gets lots more quids in their pocket how is that fair?
Tories also like to use the Laffer curve as a reason why taxation on the rich does not work.
The Laffer Curve states that if tax rates are increased above a certain level, then tax revenues can actually fall because higher tax rates discourage people from working, Ergo lower taxes mean you will slave your arse off working for a crap company paying you minimum wage.
Laffer though was a fucking idiot, a discredited economist, he took no account of the tax paying base and its based on everyone paying a single tax rate.
There has never been a conclusive study that demonstrates a connection between lowered tax rates on the wealthy and GDP growth or increased tax receipts. During the 1940s and the 1970s, the top marginal tax rate was anywhere between 70 percent and 94 percent. In this same period, we experienced the largest GDP growth our country has ever seen, and we were able to invest in the future of our children, economy and environment.
After the 1980s, when the top marginal tax rate began its steady decline, we haven’t seen nearly the GDP gains that we saw during our post-World War II boom.
Why then, here is the question.
Do you support tax cuts?