It’s that time of year again: tomorrow we shall discover what exciting new taxes the government have thought up to bleed us dry this year.
Why do we have to go through this year after year? Not forgetting that now there is an autumn statement too – another excuse to grab some more loot from the unlucky taxpayer!
Taxation could and should be perfectly simple. Forget VAT, forget NI, forget different tax bands. All the government needs to do is tax EVERYONE (no get out clause for the low paid) on their earned income, say at 10%. Lower earners can contribute (good for self respect) and higher earners feel less ‘taxed until the pips squeak’ (so will be keen to earn more) thus filling the exchequer’s coffers more quickly.
No doubt there will be those that say taxing in this way would be terribly complicated and cost extra but look at the current system! All those pen pushers, dealing with different rates for this and different rates for that. How difficult can it be to bin everything and start again with one rate for all?
Perhaps when they’ve done that, they might consider doing something sensible with local taxation as well.
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