The aim of tax is to raise money for the country as a whole to spend

It's not to effect social change - I just hate hypothecated taxation or the use of the tax system to drive social agendas.

Lower taxes for the better paid increase the overall tax take, because people don't bother avoiding, and people don't do a Lewis Hamilton. Obviously this has common sense limits - no tax at all delivers no money for the country as a whole to spend - and I think the current levels on income are about fair. I don't think having a top tier of 50% for £100k+ would increase the tax take that much.

Once upon a time we had something like 90%+ tax/surtax for the very well off. But very talented people will earn a lot and so they should. 40% of a big pie is a lot; 95% of f**k all because they're offshoring it is nothing.

Inheritance tax is iniquitous (and no I'm not rich enough that it will be a problem for me personally) as that money has already been taxed once and should be left alone. The French "wealth tax" is similarly absurd.

A bunch of unrelated disjointed points. What the f**k am I trying to say, anyway?

Posted By: Poomers Gorn Hoiper on December 19th 2007 at 18:57:24

Message Thread

FAO PK (General Chat) - Steve in Holland, Dec 19, 18:34:29
- While you're at it... (General Chat) - DICKY, Dec 19, 18:49:34
- I myself would support 100% inheritance tax (General Chat) - Old Git, Dec 19, 18:48:33
  - Yay! Promote hedonism amongst the rich ! (General Chat) - Steve in Holland, Dec 19, 19:06:03
    - Part of the beauty of the scheme is that it would increase lifetime spending (General Chat) - Old Git, Dec 19, 19:09:37
      - Yes, and many of the rich would die young from (General Chat) - Steve in Holland, Dec 19, 19:13:06
  - Tax is a good thing though.. when spent correctly. (n/m) (General Chat) - The Editor of Milk, Dec 19, 18:53:11
    - The aim of tax is to raise money for the country as a whole to spend (General Chat) - Poomers Gorn Hoiper, Dec 19, 18:57:24
      - While I am mildly interested to hear your views, I am anticipating the opinions of (General Chat) - Steve in Holland, Dec 19, 19:06:56
        
        He's only a wind up, as you know (General Chat) - Old Git, Dec 19, 19:10:20
        
        Yeah, worth a try though. Like your idea though and find it (General Chat) - Steve in Holland, Dec 19, 19:14:32
        
        I am very much a meritocrat (General Chat) - Old Git, Dec 19, 19:18:19
        
        Can't argue. I do agree. But then I suppose that is easy coming from someone who has (General Chat) - Steve in Holland, Dec 19, 19:20:28
    - That isn't the debate (General Chat) - Old Git, Dec 19, 18:56:17
      - One flaw in that is that everyone would be dead by 40 thru over-consumption (General Chat) - The Editor of Milk, Dec 19, 19:15:22
        
        Well that would solve the porblem of an ageing population! (General Chat) - Old Git, Dec 19, 19:20:18
        
        What about this then... (General Chat) - Steve in Holland, Dec 19, 19:25:36
        
        But what reform do you propose on income tax? (General Chat) - Old Git, Dec 19, 19:30:57
        
        House prices are a problem. Imagine my situation in Holland... (General Chat) - Steve in Holland, Dec 19, 19:35:27
        
        It's ok Steve.... (General Chat) - mike_the_sphinx, Dec 19, 20:57:50
        
        *boggle* (General Chat) - Old Git, Dec 19, 19:40:51
        
        It has character but not much space ! (General Chat) - Steve in Holland, Dec 19, 19:47:47
        
        and as for income tax... (General Chat) - Steve in Holland, Dec 19, 19:39:33
        
        ... (General Chat) - Steve in Holland, Dec 19, 19:17:14
  - "the meek shall inherit the earth" (General Chat) - green n yella beaver, Dec 19, 18:50:15

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