I remember the days when an envy-filled Wilson administration made some of the greatest economic blunders ever seen in British politics.After the ridiculous SET, one of the worst was Super Tax at 98p in the pound - and if you are too young, your eyes do not deceive you, it did allow people to keep a mighty 2p in the pound.
It was the utmost folly designed to drive capital, entrepreneurs and businesses out of the country. I hold no brief for the woes of the super rich but this was bound to backfire - and it surely did.
Reports this week are indicating that only one in six of the UK's richest people are now paying ANY tax at all! If you are on PAYE - you are trapped and YOU pay to run the country. Parasites at both ends of the spectrum and the wage slave supports them all!
What is the matter with Labour governments? Can they do nothing properly and sensibly? - I suppose we all know the answer to that. And just who has presided over the current fiasco? - Not there yet? - Well, he is our new PM!
LINK:
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=463252&in_page_id=1770
