Sunday, March 04, 2007

Narrowing the Gap

Does anyone have any real idea of what the Liberal Democrats mean by "Narrowing the inequality gap?"

To me it sounds like a euphemism for the "Redistribution of wealth" argument; i.e. we all pay more taxes in the hope that those less fortunate than us will use the genorosity to climb out of the poverty trap.

Ten years of affirmative action from the present government along similar lines has achieved very little in real terms, so why the LibDems think they can do better, I don't know.

Simply super-taxing the rich and the middle-classes will kill the economy stone dead as the former will simply go and settle somewhere else, while the latter watch what little they have left of their savings and earnings eroded.

4 comments:

Anonymous said...

The gap between rich and poor has actually grown under Blair's and Buggins Brown's stewardship. I would have more time for the Lib Dems if they proposed raising tax thresholds for the low-income earner and had ideas about putting Council Tax onto a Local Tax basis to be banded on ability to pay and collected in a similar way to Income Tax. A tithe of 5 to 10% on earnings?

Anonymous said...

I know Lib dems won't get in at the next General Election but
I think even Labour have already brought in too many tax rises hitting the middle class workers to fund the weird politically correct England we now attempt to live in.
I am afraid that for only the second time in 35 years of voting I will vote Conservative in the next elections.
I fear Gordon Brown as I am approaching pension age and do not wish to see everything I have worked for (my private pension) taxed out of useful existence.
Its already taken too mnay hard hits over the last 10 years.

Tony Beachcomber said...

I always thought that equality in political terms meant access to goods and services irrespective of age,race and gender etc,
Taxation finaces these services but Taxation does not make one section of society rich at the expense of another. Perhaps it may prevent people falling in the poverty trap but that is far as it goes. The amount of tax taken from the economy by all central governments is kept within a banding and it is a case of who carries the burden. Labour has got this down to a fine art as they have managed to Tax without affecting economic stabilty. Does anybody remeber the Conservatives trickle down effect policy of making the rich richer so they could spend more in the economy to create employment. The rich did have a good spending spree, but on imported goods as Mrs Thathers monerterist policies had crippled British industry. This affected the balance of payments and caused a run on the pound, affected the interest rates that were set at the time for political reasons not economic as they are today. In a desperate bid to shore up the economy assets were sold, What a disater! considering the 1979 election was fought on what to do with oil revenue. The only reason Mrs Thatchers Conservatives remained in power was the Opposition was hopelessly split. By the time John Major took over there simply was not enough time to repair the damage. Labour can be under attack on many issue but at present they still own the economic high ground and that what this goverment will be remebered for.

Anonymous said...

The worst hit and most responsible for the declining value of your pension, is Brown's Tax on the pensions industry of £5 billion per year. He's the Chancellor who not only keeps our State Pensioners in poverty but now taxes them before they get the pension they saved a lifetime for. I think the Labour Party want to keep the average working man in his poor State dependent condition and having to beg for means tested benefits in old age!