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Old 12-05-2010, 10:24   #24
Boeing Guy
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Re: The next five years

Okay Mancie, what is your definition of Rich, earning £40k or more pa?
And therefore, what is your definition of less well off? Earning less than £15k pa maybe?

This whole taxation thing is not rocket science, if you tax people who earn more, you know the ones that run businesses they will simply leave the country, closing down their UK businesses in the process. Take James Dyson as a very good example here.
This of course causes unemployment.
No one, even you, likes paying tax, but most of the high earners are prepared to pay more income tax, however the minute you start with 50% upwards they will leave the country. This increases the tax burden on everyone else and so your tax will increase.

But what do I know I am Tory scouse scum
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