Sunday, 25 March 2012

More Redistribution Required

The Chancellor has decided (with the collusion of the coalition!) that the 50% tax rate for those earning over £150,000 should be reduced to 45% because the government underestimated the lengths that rich people would go to in order to avoid paying tax and so less revenue has been made than expected. But just because the monetary elitists can play the fiscal game doesn’t mean that we should give in to them! Let’s reduce the tax threshold even further so that people who earn over £100,000 need to pay 50%. I mean at which point does anybody that rich need to worry about tax?! So George Osborne is a capitalist fanatic, devoted to economic competition regardless of right or wrong; no surprise!

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