If you type in the name ‘Gideon’ into the Google search engine, one of the things it throws up on the first page is: ‘Gideon, The world’s premier global infectious diseases database’. Considering the first name of our Chancellor of the Exchequer is Gideon, and the nature of his budget yesterday was somewhat unhealthy, it seems quite apt.
As with all budgets there are winners and losers, usually the losers list is longer than the winners, what the Chancellor gives he quickly takes away and yesterday he left a grey army of what would normally be classed long standing traditional Tory voters feeling worse off and distinctly wounded. Gordon Brown was the bogyman pension snatcher, now Gideon has joined the bogyman pensioner bashing club too.
This must leave many traditional Conservative voters feeling badly let down and confused. Was not one of the many expectations of a Cameron run Governement in the run up to the 2010 General Election that taxes would be cut and waste eradicated? That was the impression. Sadly, the only notable thing Cameron has done since taking office is to leave a swathe of broken promises in his wake – not least his promises on a referendum on the dire Lisbon Treaty and referendums on the EU in general.
So, here we are, the day after budget day wondering just how bad it all is. As always time will tell as we begin to dig deeper into our thread bare pockets. We will quickly see those pounds in our pockets vanishing when it comes to paying for our beer and fags, and then in August, filling up our cars is going to be a very painful experience as the fuel tax escalator will be adding 3p per litre to the already hideously high cost of petrol and diesel – it is as if this Government is out to hit the average person struggling to survive in lean times as hard as they can. For many their vehicles are a lifeline for work and other communications, pricing these people off the roads will be a catastrophe for many.
However, there are some winners, the super rich will see a cut in taxes, but to be quite honest this is not going to bother them that much as they can easily move their money around to where their financial advisers consider the best ways to avoid paying taxes – and to be honest you can’t blame them either as one of us like being ripped off and having our assets and hard worked for money being snatched away from us by Gideon, or any other Chancellor. Those of us on more modest incomes have to stay put and pay up.
Another winner is the EU, rather than our Chancellor telling the EU we pay enough and he needs the money to help pensioners, the sick and the needy in the UK, it will just have to be content with the £billions we already give, his budget instead has ensured that on top of the vast sums which is already contributed to the EU for it to squander, waste and lose, an additional £1.8 billion of our money will also vanish down the EU plughole. A large chunk of this money the EU will soon get its sticky little finger on will have come directly from the additional £3.3 billion Gideon has mugged from the grannies and granddads of this nation.
Taxation in this nation with its complex tangle of tax codes, allowances, National Insurance payments and loopholes is now harder to comprehend than Einstein’s theory of relativity – our tax system is a nightmare. This is why UKIP has been proposing a flat tax system which has successfully been taken up by some other nations.
It is incredibly simply, the first £11,500 a person earns is completely tax free, this then takes those on the minimum wage out of the tax system altogether. After that all earnings are taxed for everyone at 31%. How much more simpler and easier to understand is that? For those who say it is not fair to tax people on lower incomes than the people who earn megabucks well just think about it.
If someone earns £30,000 a year, they will pay tax on £28,500 – which is: £8,943.50p, those earning £1 million a year will pay £306435.00 which is quite a bit more – and there are no loopholes. The countries that have taken up the flat tax system have found it works much better and they actually collect more revenue – as the meerkat says in the adverts: “Seemples”. Obviously far too simple for Gideon looking at the tax malaise he has just infected us all with.
As with all budgets there are winners and losers, usually the losers list is longer than the winners, what the Chancellor gives he quickly takes away and yesterday he left a grey army of what would normally be classed long standing traditional Tory voters feeling worse off and distinctly wounded. Gordon Brown was the bogyman pension snatcher, now Gideon has joined the bogyman pensioner bashing club too.
This must leave many traditional Conservative voters feeling badly let down and confused. Was not one of the many expectations of a Cameron run Governement in the run up to the 2010 General Election that taxes would be cut and waste eradicated? That was the impression. Sadly, the only notable thing Cameron has done since taking office is to leave a swathe of broken promises in his wake – not least his promises on a referendum on the dire Lisbon Treaty and referendums on the EU in general.
So, here we are, the day after budget day wondering just how bad it all is. As always time will tell as we begin to dig deeper into our thread bare pockets. We will quickly see those pounds in our pockets vanishing when it comes to paying for our beer and fags, and then in August, filling up our cars is going to be a very painful experience as the fuel tax escalator will be adding 3p per litre to the already hideously high cost of petrol and diesel – it is as if this Government is out to hit the average person struggling to survive in lean times as hard as they can. For many their vehicles are a lifeline for work and other communications, pricing these people off the roads will be a catastrophe for many.
However, there are some winners, the super rich will see a cut in taxes, but to be quite honest this is not going to bother them that much as they can easily move their money around to where their financial advisers consider the best ways to avoid paying taxes – and to be honest you can’t blame them either as one of us like being ripped off and having our assets and hard worked for money being snatched away from us by Gideon, or any other Chancellor. Those of us on more modest incomes have to stay put and pay up.
Another winner is the EU, rather than our Chancellor telling the EU we pay enough and he needs the money to help pensioners, the sick and the needy in the UK, it will just have to be content with the £billions we already give, his budget instead has ensured that on top of the vast sums which is already contributed to the EU for it to squander, waste and lose, an additional £1.8 billion of our money will also vanish down the EU plughole. A large chunk of this money the EU will soon get its sticky little finger on will have come directly from the additional £3.3 billion Gideon has mugged from the grannies and granddads of this nation.
Taxation in this nation with its complex tangle of tax codes, allowances, National Insurance payments and loopholes is now harder to comprehend than Einstein’s theory of relativity – our tax system is a nightmare. This is why UKIP has been proposing a flat tax system which has successfully been taken up by some other nations.
It is incredibly simply, the first £11,500 a person earns is completely tax free, this then takes those on the minimum wage out of the tax system altogether. After that all earnings are taxed for everyone at 31%. How much more simpler and easier to understand is that? For those who say it is not fair to tax people on lower incomes than the people who earn megabucks well just think about it.
If someone earns £30,000 a year, they will pay tax on £28,500 – which is: £8,943.50p, those earning £1 million a year will pay £306435.00 which is quite a bit more – and there are no loopholes. The countries that have taken up the flat tax system have found it works much better and they actually collect more revenue – as the meerkat says in the adverts: “Seemples”. Obviously far too simple for Gideon looking at the tax malaise he has just infected us all with.
1 comment:
It would be easier if you could deduct 11,500 from 30,000.
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