Showing posts with label taxation. Show all posts
Showing posts with label taxation. Show all posts

Thursday, 13 September 2012

Tell them about the money, honey...

You must forgive me for my bloggy tardiness this week. I have been detained in ways the details of which you need not know. Suffice to say, I am now at large and at liberty to divulge that which I have gleaned.

Ensconced in close company with an earnest Left I have learned at first hand the serious error of my judgement. I must now atone for my former sin of believing in market forces and base human nature. So quick, make haste and gather close, for I have a tale to tell which may not wait in the telling. Two things have I learned: 

In my hand I grasp the fertile beans of the Socialists’ Magic Money Tree. Sown wisely they will reap prosperity for all and I bestow to you the formula, as vouchsafed to me by that elder. I know you will use it to benefit all mankind. 

State employees are paid out of taxation. From this tax-funded wage, they in turn pay tax, which creates employment for those who collect the revenue. So, the principle is clear; public employment actually creates more employment. By logical extension then, employing more public employees will eventually create full employment and end the need for a welfare state, which was all the fault of the capitalists in the first place, according to gospel. 

When I queried where the money came from to pay these wages I was informed, as if to a backward child, that it came, of course, from the original tax take. “From the private sector?” I offered, to be met with skyward-rolled eyes. “No, silly,” he said, “we get it from the first batch of public employees.” I objected that as they are paid more than they are taxed this couldn’t work, but “Aaaaah” he said, tapping his nose, if we tax them at 25% then after four weeks we’ve got it all back and after five weeks we’re in profit!” 

So, there you have it, the key to all the world’s economic problems. Close the factories, board up the mines and let the fields go to grass, for all can be solved by employing everybody as tax collectors, inspectors, ministers, councillors, coordinators, evangelists, champions and various other jobsworths in Marxist heaven.

Lest you think this is levelling up the playing field by progressively digging down to bedrock and then keeping going, let me reassure you that the wise one would brook no argument against his thesis. The money tree is real. 

Ho ho! That's magic!

But wait! I said I learned of two things. The second is almost as far-reaching as the first. You may need to sit down to hear this particular gem, but to this old fool – and there’s no fool like an old-skool fool – the BBC is nothing more or less than the propaganda arm of the establishment. That’s right, folks. According to the Left, the BBC is institutionally right-wing. 

You couldn’t make it up.


PS: For anybody who subscribes to any form of left-of-centre ideology, I should explain this this blog may best be described as satirical reportage. You know, because you have no sense of humour and all that...

Sunday, 19 August 2012

Budget Regard - Going Cheep

How about this for a radical idea: Instead of government deciding what it wants to do, producing a ridiculously under-estimated budget, going ahead without proper consultation, going ten times over that budget and then increasing our taxes accordingly to pay for it all, how about WE decide how much tax we're going to pay and the government has no choice but to spend within its means. How about that, eh?

In my dreams, I know...

When William Pitt introduced income tax to pay for the Napoleonic wars it was levied at tuppence in the pound (Old pounds. So it started at 1/120 - for the modern scholar, that's less than 1%) ) rising to 10% for those with an income over £200 a year (about £17k at today's rates, but with none of today's modern fripperies to pay for). It was abolished in 1802, only to resurface once more between 1803 and 1816.

Sir Robert Peel brought it back for good in 1842, since when it has been up and down like the proverbial yo-yo and a constant source of tension between government and the governed. As government ambition has soared and spending risen through the ceiling, successive administrations have found ever more inventive ways of taxing you to the hilt. If you die without leaving any realisable assets - that's most of us - you have, effectively been taxed at 100% of your life's income.


So here's my plan. Reduce income tax to a 20% flat rate and cut the fuck out of public spending (for real this time, not pretending to, like they are at the moment). Then, if they want any more, ministers have to personally come to the door of each and every tax payer and explain nicely what they want it for.

Then, they have to stand still for a full minute while you laugh in their face.

Comments are always very welcome.