Quote:
Originally Posted by Will21st
Sorry,I disagree.
It's much better to tax consumption than work.After all,I'd like to see work and entrepeneurship being rewarded again in our beloved country. 15 % flat tax on all income,next to no benefits and 25% VAT,I could live with that!
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Lumping the tax take onto VAT is a highly regressive measure that piles the burden of paying for Great Britain plc unfairly onto those with low incomes.
25% VAT may not be of any consequence to you if you have a large disposable income because you can just soak that increase up. But what of someone living well below the average wage? Paying VAT already eats up proportionally more of their income than it does yours (I'm assuming you're not a low earner). Increasing VAT simply magnifies that problem.