History smistory….they all know better.

This level of taxation is unsustainable as the country has reached the point where there are more people riding in the wagon than pulling it. Unscrupulous politicians stir up class hatred and feed on people’s envy as a solution, but taxing the so called ‘rich’ is only viable until the last ‘rich’ man has had his pips squeaked. The threshold for being classed as ‘rich’ will be set so low that anyone earning above the minimum wage will find themselves in the 40% bracket.
(Taxing low paid workers story here)

The truth is that the British government doesn’t have a revenue problem but a spending one. The political class steadfastly refuse to live within their means as this will require spending cuts to their various client groups with a potential loss of votes.

A bigger worry for the political class is that cutting taxes will lead to a prosperous majority and this is a transfer of power from them to the people, they will become less relevant and the people will control the agenda as opposed to the politicians.

Politicians will continue to ignore the rules of fiscal arithmetic that the rest of us have to live by and continue to spend more than they earn in revenue in order to extend dependency.

Prosperity for the majority puts the fear of God into the political class and their armies of bureaucrats. Dependency on government is the life blood of the modern politician, it gives them a hold over the people and political power for as long as they can get away with it.

Listen to the Beatles sing Taxman here, turn up, the volume and sing along out loud. keep reading