Yet again, this budget will NOT grow our economy, NOT reduce unemployment, NOT improve wages, NOT reduce debt, NOT crack down on tax evasion, NOT make the rich pay a fair share, NOT give us a decent public sector, NOT create decent jobs, NOT imrpove our public transport, NOT improve pensions, NOT improve benefits, NOT imrpove our schools etc...
In other words a very dissapointing budget!
---------- Post added at 13:19 ---------- Previous post was at 13:16 ----------
What is government thinking when they suggested cutting the top rate of income tax (along with reduced corporation tax!), the rich are the only people doing well and we need more tax revenue to pay our debt. They already get away with tax evasion and avoidance, this coming from a 50% income taxpayer!
---------- Post added at 13:21 ---------- Previous post was at 13:19 ----------
Yet again the government is having a go with their own civil servants (with regional pay deals) and proving to Brits outside the London Communter Belt how much they really care about them
Also, give control of the roads to the state owned railways!
---------- Post added at 13:26 ---------- Previous post was at 13:21 ----------
Quote:
Originally Posted by Damien
I don't think it's disincentivizing. If people would really lose motivation to earn more simply because more would be taken proportionally then they need to examine their priorities. They would still get more money, it's not as it the moment you cross the threshold the new tax rate applies to your entire income.
Even so, that's not the intention behind taxing wealthy people more. You need taxes to operate the society and all the benefits that come with it, and they are the best placed to provide it. Companies employ people who are educated by the state, protected by the state, and looked after by the state and there is a cost involved in that. If any of us suddenly found ourselves unable to work due to heath reasons then in comes the state to look after you, if you find yourself out of work, there is the state.
Taxes are the price we pay and people can go to countries like the US where you pay less tax, pay for health insurance, and as long as you don't lose your job and the health insurance company doesn't screw you over then you don't have to worry if that heart operation you need will bankrupt you family or not. There is a cost involved in not paying as much tax as well.
The government is lowering corporation tax, fair enough, more people employed means more income tax. However I think income tax should largely remain the same. Tax breaks should be given to use who have the most need.
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And yet the government wants to reduce public services and sell the NHS!
Like I said, all they care about is people with a lot of this
Also, if another nation invades the UK, will G$S stop it?
