The 50% tax band should be junked and the horse it rod in on boiled down for glue.
The UK should become a Tax Haven, period. We should do this so talent, wealth and wealth-creating people and companies want to domicile here.
This will have greater power if we have Free Banking, meaning that the currencies used can be totally independent of the Central Government if people so wish, further increasing confidence that wealth will not be appropriated.
2 comments:
Well, yes, the 50p tax rate is an outrage, I've always said a flat tax is better (the flatness across different types of income is as important as the lowness), but let's not forget the millions of lower earners who have effective tax rates (incl. means testing and benefits withdrawal) of 70% to 100% on their earnings.
Indeed, so ideally an end to income tax and progressive reduction in benefits as wages rise.
Simples.
Post a Comment