• The post you are reporting:
   
  I am not sure that is what Barry is advocating.
  
  Unfortunately the policy approach he is advocating will have the effect of hitting the poorest hardest as the well off use little of government spending - equally all the evidence is that penal taxation levels (certainly any higher than we currently have would fall into that category) leads to a drastically reduced tax take due to capital flight. It is going to be incredibly difficult with the current tax rules and range of things government has to spend its money on to get a solution that does not hurt the poorest, but does not also cause the better off to move elsewhere. This is made more difficult as the contagion of the eurozone is affecting us as they are out largest export partner, which also impacts sterling and the rate the government has to pay on bonds negatively and it is also sadly leading to a contraction in opportunities for private capital to create business and therefore employment opportunities leading to increased tax take and reduced benefits spend.

Report Post

Your Name

Reason