Do 50% Tax Rates Work?
I don’t think so, except for financial advisors and accountants.
When the rate gets too high, people see an increasing amount of their money going in taxes and do something about it.
I remember, an accountant once told me of a client, who asked him to cut the amount he paid in tax. The client by the way had a small but successful manufacturing company. He told the client to leave some of the money he didn’t need in the business and invest it to make the business grow. The tax bill went down, but the wealth of the client’s company grew. I just looked it up on the Internet and its even bigger. Sadly the accountant carried on smoking like a chimney and died of lung cancer.
So I’m in favour of reducing the tax rate and removing the loopholes. This incidentally, is what Mrs. Thatcher did and the tax take rose. It also made a lot of accountants and financial advisors unemployed.
You could argue that we need a very simple tax system, that everybody on the Dalston Omnibus could understand.
But no government would ever do this, as they’d have to deal with large numbers of irate civil servants.
I Don’t Think Prudence Will Call Alistair “Darling” Anymore!
I never took Alistair Darling seriously, as the name was given a very hard going over in Blackadder.
He at last seems to have shown some backbone in standing up to the that bully, Gordon Brown, in his memoirs according to many reports today. Here is the one from the BBC. I like this quote about Brown.
Gordon Brown was so deluded as prime minister that he was adamant one of the worst economic crisies in history would be over in six months.
How did NuLabor let such an idiot get the top job? I suspect that many saw the writing on the wall and Brown was holding the parcel when the music stopped.
The I Wouldn’t Do That Party!
Peter Allen on BBC Radio 5, used that nickname for the Labour Party.
But it is true! After all, Prudence got so much of our policies into a mess to buy votes generally or in Scotland. If they were in power they’d still be digging the hole in the budget like maniacs. After all in their view it’s better for the country if Labour is in power, rather than we’re all broke.
Luckily, most of the good people of the United Kingdom, have more sense than Prudence and his ilk.
A Wonderful Phrase – Meretriciously Obscurantist Techno Tosh
Roger Ford in Modern Railways today used this phrase to describe a letter written from Theresa Villiers about the new IEP train or SET (Super Express Train).
At the end of his article there is this paragraph entitled, Official VTAC figures for SET.
When you need reiable technical details you want an engineer on the job. So I am indebted to my Hitachi chum, Koji Agatsuma, who sent me Network Rail’s official Variable Track Access Charges (VTAC) for the Super Express Train just as this column was going to press.
With the driving pantograph car coming in at 10.95p per vehicle mile and the motored car with underfloor diesel engine costing 13.05p, the total VYAC for a nine-car bi-mode would be £1.07 per mile. So how did the DfT (Department for Transport) get £1.13 per mile for the five car bi-mode?
I would assume that civil servants and politicians can’t do arithmetic. I once met a senior advisor in the Treasury. He lived alone in a terraced house in Surbiton, couldn’t drive, ride a bicycle or swim and had as much real experience of British life, as the man on the Pyongyang omnibus. But he had got a first class degree from Oxford!
Mrs. Robinson Cleared
It would appear thast Mrs. Robinson has been cleared of any misconduct according to this report on the BBC.
But the Alliance Party weren’t happy! I’m not either and I agree with the use of the Alliance Party of the word; railroaded.
But then I’ve never understood Ulster politics! So what do I know? Nothing!
How Do I Get Prisoners To Paint My House?
I have a cupboard in my bedroom that needs stripping and painting. Obviously, some might think I’m the sort of person who should benefit from some sort of scheme, as I’m a widower, who has had a stroke.
After all Jacqui Smith, the former NuLabor Home Secretary got two prisoners to do some painting at her house according to this report in the Guardian.
But then as I said, I’m a widower and I’ve had a stroke. I’m certainly not sick or mad enough to want to be a Member of Parliament.
Will Young Talks Sense
Will Young writes an opinion in The Times today, that everyone should read. Here’s the second paragraph.
There are so many theories being bandied around as to why young people reacted as they did. Modern Britain is a blamocracy: people look to pass the buck. Governments, we are told, have created a society of idleness, in which a mood of entitlement has fermented. Add to this the onward march of capitalism, family breakdown and a fettered education sector and things look bleak.
I bet he doesn’t get called in by David Cameron.
He’s so right about how we all live in a blamocracy.
Perry Is George Bush on Steroids
That was said by John Morgan, a professional impersonator as he sees Perry as an equally rich seam to be milked for all its worth. Here’s the story.
Good luck to him! But not to the odious Rick Perry!
I like this quote on Rick Perry, by Bruce Bartlett, who was an advisor to Ronald Reagan.
Rick Perry’s an idiot and I don’t think anyone would disagree with that.
It’s funny how in United States politics, the scum always seems to float to the surface.
Police Waste More Time and Money on Chris Huhne Case
That’s what it looks like according to this report on the BBC.
Enquiries started in May, so surely even the dimmest officer in the Essex Constabulary could have ascertained what the truth in this case is.
Either Chris Huhne was driving the car, in which case he should take the consequences or his wife was.
As they are both fairly high profile, I suspect that proof as to their whereabouts at the time should be fairly easy to obtain. I suspect too, that the CCTV at Stansted Airport would show the answer too. Unless of course Chris Huhne had dressed up as his wife, so that he could get off a speeding charge. But of course, nothing in his past life would indicate he would do that! One of the biggest problems men have with this, is often they are a totally different size to their wife.
It sounds to me that this case might end up with a more serious charge.
Whatever happened to the beloved criminal quote of “It’s a fair cop, officer!”
Ken Calls For Water Cannon
Ken Livingstone has called for water cannon to control rioters. How very progressive!
The Anonymous Widower 