Friday, Jun 27, 2008
Working for the Treasury
Adamsmith.org: Tax Freedom Day
Tax Freedom Day shows just how long we spend working for the Treasury, rather than ourselves. Overall, the government takes more than 40% of national income. This means that the average UK resident has to work a full five months of the year solely to pay that tax bill.
Posted by sold out @ 08:35 AM (302 views) Add Comment
2 Comments
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1. renting2 said...
Good job their not wasting it on useless projects and quangos then isn't it?
2. Lower, Lower said...
I'm afraid the Adam Smith Institute are a group of free market zealots, and the impression they slyly seek to give that all tax is "for the Chancellor", and all other expenditure is "for ourselves" is economically illiterate. Unless we discover that Gordon Brown has been spending every penny of that 40% of national income on a gigantic pyramid in his back garden.
If we have freedom from taxes we will also have freedom from the National Health Service, streetlighting and rubbish collection, amongst other things. We don't want freedom from taxes, we want fair taxation spent wisely on efficiently provided services where those services cannot be provided as efficiently, or at all, by the private sector.
No-one in their right mind would think it a good idea to give everyone the choice about whether to dip into their own pocket to supply street lighting. And despite the many problems in the NHS, not least the govt's PFI schemes, you really, really don't want to have the US' health system. (Which is not to say that it may not be possible to devise a better health system that is not funded by taxation, or taxation under some other name. You would have to overcome a LOT of quite fundamental problems, however.)