Re: Tony Blair Mark Two.
Cyfr......one thing to remember about basic economics, service industries contribute absolutley nothing to the "national purse" every tax Pound paid in as income tax by a Civil Servant/Govt employee/teacher/hospital worker/ fireman/street sweeper etc. is just a recycled Pound, previously paid in by a tax payer from an employee of a business that is actually making money (creating something)
let me give you an example .......I work for a company which sells 'widgets' to France and in return the company I work for gives me X Pounds, profits from the products sold from my labour , out of my pay packet I give 20 % to the Govt. as income tax, before I turn over the 20% I mark every note with an X , in due course the X marked note will be given to a public service Govt. employee as a salary , who will in turn pay his/her income tax with the X marked Pound notes as his/her return to the Govt in income tax. ( one of the Pound notes I previously marked with an X) , so how much has the Govt. recieved in tax revenue 1 Pound or 2 ?
maybe a radical idea , but if the folks who recieve monies from the public purse were exempt from paying taxes on their wages (recycled tax monies) we would get a better idea about who is in fact paying for the support of the country and Govt. ...........the workers who actually produce and sell something ,
Seems to me a lot of creative accounting is going on........if every Pound paid in by a genuine (wealth earned) tax payer was marked we could see where the monies end up and how much is recycled bull s++t
p.s. sorry for any reference to Pound notes , my PC is Korean made and only has the $ key
Last edited by steeljack; 16-05-2007 at 07:32.
Reason: spelling
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