Nick Clegg Loses The Plot
Nick Clegg’s call for the rich to pay more tax is just plain daft.
One large group of the rich are probably people like me, who are retired and have a good pension pot built up over the years.
So if I was asked to pay more tax, I’d probably leave the money in my pension fund to avoid the tax and then not spend it. After all, I may have bought a new washer-dryer, but my large purchases these days are few and far between. So how does that benefit the country?
After I sold my first company in 1972, I had an offer from a large American company to go and work for them, at an enormous salary. If we increase taxes, all of those brains thinking up new ideas, will be on the first plane out.
No wonder we need a new runway in the South East.
The Anonymous Widower 
One of the options being discussed is a one-off wealth tax. Each person will pay a percentage of their asset value over a tax free limit in tax. I don’t think there will be much support for this idea, except from those who won’t have to pay it. It also creates a problem for those with large assets, but limited liquidity. Actually, I don’t think I would mind too much if I thought it would solve the country’s problems, but I don’t.
Comment by John Wright | August 29, 2012 |
The trouble is that everybody has different views about what are the country’s problems. And the political parties frame their policies to get the most votes.
For instance, take the NHS. My family has been an extensive user over the last few years and I can’t think of any small complaint. But Labour knows there is votes in saying the Tories will ruin the heath service, so keep banging on about it. If you want to really improve the NHS, start with educating people to eat, drink, smoke and take drugs a lot less.
The NHS isn’t the problem, it’s a symptom of the bad lives people live.
Comment by AnonW | August 29, 2012 |