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Old 23-06-2010, 17:48   #30
DaveinGermany
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Re: Emergency Budget 2010

Quote:
Originally Posted by Bernard Dawson View Post
Absoloutly right. VAT is a regressive tax which hits the poorest hardest.
I personally think it's the best option from a bad lot, at least with VAT everyone, without exception gets taken from, working, non working, those living on handouts, even tourists & people working illegally. It's take that or would you rather specific groups get hammered to carry thousands of sick lame & lazy ?

As to Katex's point, according to demographics & politicians the Country needs Children, to cover the costs of a longer living older generation, how ? Until the kids are of working age they also take up the countries resources. Still having said that even when they reach working age 18-20 years down the line there is no guarantee they will get work. Take a look round at some of the youngsters now or even their parents in some cases, unemployed /unemployable immaterial of it's through choice or lack of opportunities. where shall the money come from ? The reduced workforce with more obligations ?

No the VAT includes everyone, as to it being fair or not well the individual decides how much they pay by their spending habits, chuck it round like a sailor on shore leave & the Government creams it in, stay frugal, do you really need a 9ft telly, all the latest gadgets & fashions ? Choice is yours.

As to chuntering on about the increase wrecking the Economy I don't see how, People adapt, always have done always will do. Germany hiked its VAT in 2007 from 17% to 19% Guess what Germany is still functioning, admittedly there were the doom & gloom mongers inferring Economic collapse & Germany being pushed back to the dark ages etc,etc, well how about that it didn't come to pass ! For the first 6 month or so people griped & spent a little less, then Summer came & things picked up, no big deal.

I say give it time & you'll probably find things will work out.

Last edited by DaveinGermany; 23-06-2010 at 17:50.
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