Raising taxes will be a disaster for Britain – and here’s the proof


The last Labour government hiked the top tax rate to 50pc, and it was a policy disaster

 

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This is so true, but one that Labour fail to realise as they are so engrossed in trying to take from the assumed rich, that they fail to see that the very rich have the means to legally reduce their tax burden or even more leave the UK completely. Then you don’t even get the tax they were willing to pay before. It is a fine dividing line between what one is willing to pay and one is not. While those who are not rich have no option but to pay the tax they are requested to do.

So rather than increase tax rates considerably, why not just increase by 1% or 2% rather than 10% to bring in a top rate of 50%.

But, Conservatives are so determined not to increase tax for the rich, so they try to get more from the poor and not so rich. by increasing lower tax rates and also not increasing the initial tax free element.

By increasing the tax free element to line with the National Living Wage and increase rates slightly this would enable people to spend more and thereby get money from VAT and also increase slightly Capital Gains Tax and Inheritance Tax.

Also reverse all austerity cuts, thus allowing Local Authorities to create more job opportunities, rather than cut employment to save money. Also allowing more money to be made available for Social Care so the abysmal rates of pay could be eliminated and allow starting pay at £14 or even £15 per hour so encouraging more to enter the profession.

Alter Immigration requirements so all persons willing to work in the UK could do so and thereby enable more non-UK persons to enter the UK to work, while removing any non-UK persons who are not willing to work.

 

Source: Raising taxes will be a disaster for Britain – and here’s the proof

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