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Lord Hargreaves
Joined: 05 Oct 2004
Posts: 6783
Location: Aberystwyth University
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| Posted: Fri Mar 24, 2006 6:03 pm Post subject: Tax Freedom Day pushed back |
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Kinda strange no one here at PCF paid any attention to Golden Brown's recent budget - my excuse is I couldn't be arsed, which I suspect goes for others too. Anyway, more expansive coverage could have been found on other blogs and websites. I will just say I think David Cameron did very well in the Conservative "response", touching on all the main points (though what will he do about it?
One thing that really caught by eye though was the below graphic from Conservative Home:
It separates income taxed and income we take home, and shows how much of the year we effectively work solely for the government. The graph I think really puts into perspective just how obscene our current tax levels are - and to make matters worse, shows how "tax freedom day" will go back 3 days this budget, to June 3rd. |
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Sparse1
Joined: 27 Nov 2005
Posts: 258
Location: Kent
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| Posted: Fri Mar 24, 2006 6:13 pm Post subject: |
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| But as modern economies are virtually entirely demand-led then tax rates aren't terribly important. |
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Lord Hargreaves
Joined: 05 Oct 2004
Posts: 6783
Location: Aberystwyth University
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| Posted: Fri Mar 24, 2006 7:43 pm Post subject: |
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Sparse1 wrote: But as modern economies are virtually entirely demand-led then tax rates aren't terribly important.
Well tax rates effect demand - if you have less to spend, you tend to spend less. Plus think about all the business leaving the UK and/or choosing not to come here because of high tax rates, making the UK economy increasingly unable to compete globally.
This all ignores the moral/ideological battle over tax too. |
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The_Right_Honourable
Joined: 31 Jan 2005
Posts: 682
Location: UK (mostly)
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| Posted: Sat Mar 25, 2006 9:18 pm Post subject: |
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I am very disapointed in Brown. I believe in high income tax but that can only work when you encourage companies to come here and homegrown business's to grow. He isnt doing this.
Id totally rework the taxation system. So that people actually knew what they were paying, it would encourage governments to make real progress. |
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Lord Hargreaves
Joined: 05 Oct 2004
Posts: 6783
Location: Aberystwyth University
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| Posted: Sun Mar 26, 2006 9:26 am Post subject: |
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The_Right_Honourable wrote: I am very disapointed in Brown. I believe in high income tax but that can only work when you encourage companies to come here and homegrown business's to grow. He isnt doing this.
How is high taxation compatible with encouraging business?
The_Right_Honourable wrote: Id totally rework the taxation system. So that people actually knew what they were paying, it would encourage governments to make real progress.
:tu: |
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