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Labour's Tax Pledges.
We knew it was coming, again, but Mad Dog McDonnell has now confirmed it.
https:/
"The shadow chancellor said Labour’s manifesto will ask the richest 5 per cent to ‘pay a little more’.
The 45p income tax threshold would be cut from £150,000 to £80,000 – hitting all those earning more than this amount. Mr McDonnell also said Labour would reintroduce a 50p rate of tax for those on more than £125,000.
He did not say what would happen to national insurance rates for those on more than £80,000.
However there would be no rises in income tax or national insurance for everyone else."
I particularly liked the 'ask' to pay a little bit more - this suggests there's a choice.
IF Labour genuinely wants to raise revenue for the NHS, and this is not merely a success tax in order to punish those who have had the bare-faced temerity to do better in life than some others, wouldn't it be more sensible to collect an additional 1% from every taxpayer, rather than just targeting those who are (a) proportionately paying more (because, hey, that's how percentages work) and (b) are already paying an increased % amount over certain thresholds?
Somebody earning £80k is already paying a % amount of double that of somebody earning £20k, which equates to 8 x as much in pound note terms.
https:/
"The shadow chancellor said Labour’s manifesto will ask the richest 5 per cent to ‘pay a little more’.
The 45p income tax threshold would be cut from £150,000 to £80,000 – hitting all those earning more than this amount. Mr McDonnell also said Labour would reintroduce a 50p rate of tax for those on more than £125,000.
He did not say what would happen to national insurance rates for those on more than £80,000.
However there would be no rises in income tax or national insurance for everyone else."
I particularly liked the 'ask' to pay a little bit more - this suggests there's a choice.
IF Labour genuinely wants to raise revenue for the NHS, and this is not merely a success tax in order to punish those who have had the bare-faced temerity to do better in life than some others, wouldn't it be more sensible to collect an additional 1% from every taxpayer, rather than just targeting those who are (a) proportionately paying more (because, hey, that's how percentages work) and (b) are already paying an increased % amount over certain thresholds?
Somebody earning £80k is already paying a % amount of double that of somebody earning £20k, which equates to 8 x as much in pound note terms.
Answers
Diddly, //someone like me with a social conscience./
15:05 Thu 14th Nov 2019
Diddly, //someone like me with a social conscience.//
But you don’t have a social conscience. Not at all. If you did you wouldn’t be supporting a regime that, given the opportunity, will tax companies out of business, hence destroying jobs, and one that will overburden education, health, and social services, not to mention housing, with an uncontrolled influx of people from elsewhere, the result being that the poor across the board will become poorer – because that’s what always happens in the sort of world you want. I asked you recently if you’d ever experienced life in a country that is governed in the way you want this country to be governed and although you danced around the houses about it for a considerable time, the eventual answer was no, you haven’t – and just as well because you wouldn’t like it one bit. Why do you think the Berlin Wall fell, why do you think the former state of Yugoslavia is no more, why do you think the people of Venezuela are starving, why do you think the USSR collapsed? All highly successful and filled with happy prosperous people? Of course!! That’s why the populations of those that are no more are glad to see the back of them. At least now if they want medicine for their children they don’t have to give the doctor a back-hander to provide it, they don’t have to wait five years for a private telephone line to be installed, or to buy a car – that’s if that was affordable to them – they no longer need to beg visiting foreigners to sell or give them the clothes off their backs, they don't have to seek special permission to travel, and if they want to buy a pair of shoes they now have more than about two dowdy styles to choose from. You, diddlydo, are living in Cloud Cuckoo Land – along with your destructive masters, Jeremy & Co – and not one of you has the social conscience you all so piously claim. You just think you have.
But you don’t have a social conscience. Not at all. If you did you wouldn’t be supporting a regime that, given the opportunity, will tax companies out of business, hence destroying jobs, and one that will overburden education, health, and social services, not to mention housing, with an uncontrolled influx of people from elsewhere, the result being that the poor across the board will become poorer – because that’s what always happens in the sort of world you want. I asked you recently if you’d ever experienced life in a country that is governed in the way you want this country to be governed and although you danced around the houses about it for a considerable time, the eventual answer was no, you haven’t – and just as well because you wouldn’t like it one bit. Why do you think the Berlin Wall fell, why do you think the former state of Yugoslavia is no more, why do you think the people of Venezuela are starving, why do you think the USSR collapsed? All highly successful and filled with happy prosperous people? Of course!! That’s why the populations of those that are no more are glad to see the back of them. At least now if they want medicine for their children they don’t have to give the doctor a back-hander to provide it, they don’t have to wait five years for a private telephone line to be installed, or to buy a car – that’s if that was affordable to them – they no longer need to beg visiting foreigners to sell or give them the clothes off their backs, they don't have to seek special permission to travel, and if they want to buy a pair of shoes they now have more than about two dowdy styles to choose from. You, diddlydo, are living in Cloud Cuckoo Land – along with your destructive masters, Jeremy & Co – and not one of you has the social conscience you all so piously claim. You just think you have.
diddlydo and others who advocate a tax hike for those earning £80000pa may not realise that this affects doctors, hospital consultants, headteachers.... We have already seen consultants turning down work because of the impact it has on the tax relief on their pension contributions. Similar issues would arise if tax rates were raised to 50p (plus maybe 10% more for NI)- I can see quite a number just choosing to turn down extra work.
^^^It’s entirely pointless trying to reason with people like diddlydo and her ilk. They just simply aren’t interested in listening to other people.
They don’t like to hear the harsh realities of what increased taxes will mean - all they are interested in is rubbing their hands with glee that the evil rich are being punished.
Really quite pathetic.
They don’t like to hear the harsh realities of what increased taxes will mean - all they are interested in is rubbing their hands with glee that the evil rich are being punished.
Really quite pathetic.
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