In article , Keith G
wrote:
*That* is the sort of thing that has to be stopped. See my other post -
the 'rich' must be educated to bear a pro rata proportion of taxation
to support the society in which they live.
You remind me of a cartoon one of my ex-colleagues used to display on the
noticeboard outside his office. (We all had offices with these as we all
gave tutorials so used them to give info to students.)
This showed a Victorian bloke thrashing a poor waif with a big stick. With
the title "Reasonable chastisement for the slow laggard student". :-)
Somehow I don't think that "education" of the rich will cause them to pay
more tax. They may become rich because their urge is to maximise what
they can grab from the rest of us. So by self-selection they may not be
interested in being "educated". Unless you had my cartoon in mind... ;-
Witness the 'diamond geezer' who could not explain to the Parliament
committee *why* needed so many millions as a 'bonus' for just being
in his seat whilst the bank made a profit from the support *others*
were giving it. His 'answers' showed he just wanted the money to
show he was able to get it. Back to the fancy watch...
That said, fie were made President of this Sceptered Isle I would
abolish Income Tax in favour of taxes on property, goods and services.
High Income Tax (a temporary measure brought in to pay for the Boer War
or summat - from memory) simply drives skill and talent abroad and
deters international companies from establishing themselves here.
I do agree with you about how gullable many of the people in the UK are.
It never ceases to amaze me how easy bankers, etc, seem to find it to
get their PR across. Thus causing people to believe that they are paid
loads because they are the 'best people' who have 'rare talents'. Even
after a world-wide meltdown on their watch and for which they are
*still* paying themselves big handouts.
I'm afraid I don't personally believe the guff that if they had to
pay tax like the rest of us "they'd all leave and we'd be worse off".
I don't think they'd go. I don't think they'd be 'irreplacable'.
Indeed, if you routinely listen to something like 'More or Less' on
BBC Radio 4 you will find that they have often examined the evidence
behind the PR.
The reality beyond the PR is that a lot of what 'big' banks and
companies do in the UK is based on other UK activity which others
would simply take on. Most of our employment and wealth generation
comes from small and medium sized business, and there are countless
thousands of competent people running them. Personally, I don't
fall for the claim that none of them would be unable to step into
the shoes of the tax dodgers who decided to leave. Nor does it
seem to me to be the case that all other EU countries have been
in poverty *because* they have no 'big bankers dodging tax'.
Despite this they do keep making claims and in general the press
seem to fall for it. A recent example was dealt with on 'More or
less'. This was the ex-chair of the CBI who claimed that the
big UK city banks provided 20 percent of UK tax intake. (Thus
we should not dare to touch them further.)
The reality was that:
When asked where he'd got this number he initially failed to
reply. However just before the program he said he'd "Heard this
figure from someone at a seminar and couldn't remember who or
where." He had no idea how it had been obtained. He was just
stating it as a 'fact' because it fitted with what he assumed
must be true.
When the statisticians on the program looked into it they found
that the highest figures were more like 10 percent. And that
this included the tax on the UK bank acounts, etc. i.e. the tax
you may end up paying yourself as a *customer* of the bank. So
even if all the 'big international bankers' picked up their toys
and went abroad the tax take probably would not drop much since
the same mugs would be paying it here in the UK as they do now.
:-)
TBH if the top bankers who flushed so many billions of *other
people's money* down the toilet in their rush to gamble decided
to leave, I'd buy a ticket to be at the front of the crowd
standing on the cliffs waving them bye-bye... having first
ensured they'd paid all their due back-taxes *before* they
left. :-)
So yes, Keith, on this one I agree with you. :-)
That said, this isn't really a political group, is it...
Slainte,
Jim
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