Friday, Jan 30, 2009
Why your tax bill could be rising for decades
MoneyWeek: Why your tax bill could be rising for decades
Forget the economic slump. The only real problem with Britain today is that people like you don't understand what's going on. At least, that's the theory in some parts of the Labour party, it seems.
Posted by damien @ 11:22 AM (529 views) Add Comment
6 Comments
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1. drewster said...
Alternative title to the article: Why it's time to leave the country
2. Must Stop Reading This Stuff said...
I was thinking about emigrating about half way through reading that article
3. Ketha said...
Good. I think we have to pay and pay hard for this. I don't think we're wanting to face to real cause of this problem. I think it's ironic that the neo-conservative types are suddenly claiming that the problem is too much government and interference. Ironic and sad. Human beings need to get over our addiction to money and materialism over and above what is useful for the well-being of him and herself. What if it was showing that higher taxes led people to revalue their priorities, be less selfish, value their families, work out what was really important.. would it be a bad thing? 20 years of wealth made this country greedy, selfish, short-sighted .... 20 years of poverty might be exactly what we need.
Anyway this is a problem of right wing economics, not left wing.. if the we're forced to take neo-socialist steps now will someone tell me what the alternative is? It wasn't the left who backed us into a corner.
4. stillthinking said...
"It is impossible for government to stop the decline of asset prices except by owning every one of them. Prices will fall to their natural level regardless of intervention."
This is from Mish, who can't be posted as a news article because always the same web address.
So, our tax bill is rising because the government cannot stop the decline in prices, and any intervention just transfers money from the taxpayer to former asset owners. Running up a debt for nothing. The reasoning for just letting the banks default, and savers losing money is pretty clear in this context. Those savings don't exist, so why drag down the rest of the economy.
5. Ac said...
The link you're looking for on Mish's site is:
http://globaleconomicanalysis.blogspot.com/2009/01/global-crisis-destroys-40-of-world.html
6. troy said...
damien, drewster, stillthinking.
I've been out all day and just got back in, logged on, scrolled down to the first sane post and here you are.
Certainly one of the most relevant articles today and yet not popular judged either by comments or viewings.
Sad reflection on the quality of bloggers on this site.
oops a daisy ~~~ is there any life out there? ~~ fancy a debate then?
how about "NO TAX PLEASE WE'RE BRITISH" ?
OR
"I'M NOT INTERESTED IN YOUR INTEREST"?
perhaps rephrased as
"YOUR INTEREST DOESN'T INTEREST ME"