Thursday, 1 September 2011

Envy, Spite, Vindictiveness and.....

...... THE LAW OF UNINTENDED CONSEQUENCES:

"A decent welfare state requires an appropriate balance between carriers and carried. HM Revenue & Customs believes that almost 27 million of our 30 million taxpayers will contribute less than £6,000 per head in income tax this year. Those who have a child in a state school or who make more than passing use of the NHS are likely to be net takers, rather than contributors. So who’s doing the carrying? The ‘squeezed middle’, as ever, will do their share. But those whom we call ‘the rich’ — the top 1 per cent of earners — will contribute an astonishing 28 per cent of total income tax this year. HMRC also identifies a tiny group of the super-rich, upon whom we have become dangerously reliant. These are 14,000 taxpayers earning on average a little over £2 million each. If just one thousand of them were to leave the country, the economy would have to generate 300,000 extra new jobs, paying £20,000 per year to make up the resulting shortfall in the tax take. That would stymie the Government’s growth strategy in one rush to the Departures gate."
Dennis Sewell, Spectator

Vince and Cleggy might be expected to understand the Laffer Curve, but frankly they are not interested in maximising UK tax revenue. Oh no. They want "an important symbolic measure”. I'll tell you what that reminds me of:

Peter Cook-Cable, as an RAF officer, says to the lower-ranking Perkins (Jonathan Miller-Clegg):
…it's a pyschological thing, Perkins, rather like a game of football. You know how in a game of football ten men often play better than eleven?
Perkins Yes, sir.
Cable Perkins, we are asking you to be that one man. I want you to lay down your life, Perkins. We need a futile gesture at this stage. It will raise the whole tone of the war. Get up in a crate, Perkins, pop over to Bremen, take a shufti, don’t come back.
Goodbye, Perkins. God, I wish I was going too.
Perkins Goodbye, sir – or is it – au revoir?,’
Cable No, Perkins."

PS Dan is on the case today as well.




5 comments:

Scrobs... said...

Good to see you back Iders!

I blame Excel for all this; its too easy to start putting these figures into the boxes, and come up with an answer after one of the boxes contains a 'flyer'!

And I like the new hound as well!

apricotfox said...

Echo Scrobs re welcome back...and very good post!

Philipa said...

Ditto Scrobs' sentiment.

You have a new hound? Will check your blog for missed evidence. Trust he is lovely :-) See my blog for the meeting of my puppy and clay pidgeon shooting.

I see the growth that Cam was depending on has in fact slowed down. So much for Boy George's 'strategy'.

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