Many will recognise the statement made by former Labour Chancellor, Bilderberger and all round bigot, Denis Healey; an acknowledgement that the left is all about 'the politics of envy'.It may satisfy some basic instinct which makes you feel good if somebody richer than yourself is heavily taxed but that does not mean it is good for the nation:-
1} The 'Robin Hood principle' simply does NOT work, largely because
2} The higher the taxation the LESS is collected. The lower the taxation - the MORE is gathered. This is why Gordon Brown has had to target us all with 'stealth taxes' in a clandestine attempt to clobber ORDINARY people.
3} The super rich rarely pay excessive taxes. They move money around internationally in ways not available to mere mortals. It is no use 'shouting the odds' - that is how it has always been and in the computer age......
4} A recent poll of top executives reveals that a large majority claim that our punishing tax regime has made the country less attractive to inward investment - and that affects the entire economy.
5} If proof were needed - some 20% of big enterprises have relocated chunks of their business overseas in successful bids to reduce their tax burden AND MORE STILL ARE CONSIDERING IT!
We must live in a real world - not one based on venom, malice and spite - not really the best of Christian principles, are they?
Incidentally, the better the economy - the better off we all should be.
LINK: www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/11/27/cncbi27.xml
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