This country now contains more than one thousand food banks, and the proposed 50p tax rate on incomes above £150,000 is supported even by the majority of Conservative supporters, with the Mail on Sunday finding only 17 per cent of the electorate opposed to it.
The top rate was considerably higher under Margaret Thatcher and Nigel Lawson. Labour announcements about loophole-closing are to follow this week, apparently.
Lord Myners and Lord (Digby) Jones were Ministers under Gordon Brown, when the 50p rate was introduced. In any case, are they even members of the party as spokesmen for which they are presenting themselves today? If the 50p rate would not raise much revenue, that what are they and their mates worried about?
The
Conservatives backed Labour's spending pound for pound until the end of
2008. Do they think that we are stupid? Yes. Stupid people always do
think that the rest of us are stupid. But we are not.
They are now telling us that they were already committed to a budget surplus during the next Parliament. Did you hear that before today? No, of course not.
Next, they will be telling us that there is an economic recovery that everyone in the real world has somehow failed to notice, just as everyone in the real world somehow failed to notice their commitment to a budget surplus during the next Parliament.
Or they will be telling us that there was still a recession on the day of the last General Election, when it was long gone by then, as we all remember.
They are so unused to being questioned, that they honestly believe that they can just make it up, and that no one will dare gainsay them. Oh, yes, we will. And we do.
They are now telling us that they were already committed to a budget surplus during the next Parliament. Did you hear that before today? No, of course not.
Next, they will be telling us that there is an economic recovery that everyone in the real world has somehow failed to notice, just as everyone in the real world somehow failed to notice their commitment to a budget surplus during the next Parliament.
Or they will be telling us that there was still a recession on the day of the last General Election, when it was long gone by then, as we all remember.
They are so unused to being questioned, that they honestly believe that they can just make it up, and that no one will dare gainsay them. Oh, yes, we will. And we do.
They and their mates are- rightly-worried that the tax rate will lose the Treasury revenue.
ReplyDeleteThatcher famously tripled the tax intake precisely by cutting taxes for top-earners. Why does nobody in Labour ever address that ?
The paradox is obvious-lower taxes attract more rich people to make and keep their money here.
The present economic illiterates in Labour don't understand basic economic paradox like that.
Or ( more likely ) they do understand, but are just doing this as a populist stunt, knowing it won't help raise money at all.
Blah, Blah, Blah, Blah, Blah, Blah, Blah.
ReplyDeleteOnly 16 more months until there are so many Conservative losses, and no UKIP gains, that we never have to put up with the sound of you people again. Ever.
"we never have to put up with the sound of you people again. Ever"
ReplyDeleteThere we have it: the Lefts totalitarian hatred of any dissenting view laid bare in print.
No, just the electorate's.
ReplyDeleteOsborne might yet do this. A politically cleverer Conservative Chancellor would.
But it still wouldn't save his party. It is doomed. Because that it is what the voters want it to be.
I'm glad you posted that. Very revealing.
ReplyDeleteThe Left never likes to " put up with the sound" of dissent when it's in power- from Cambodia to Cuba.
The SNP says it would prefer to secede than live in a democracy, where Left- wing parties might not always win.
Leftism is a fascinating pathology.
Oh, don't use words that you don't understand, boy.
ReplyDeleteHe is hilarious, isn't he? But we were all young once, and thought that we had invented or discovered everything. He'll learn.
ReplyDeleteI have noticed that about the Right these days, especially in Britain: apart from a generation which is now in extreme old age, it has become an adolescent phenomenon.
ReplyDeleteBeing right-wing is now something that you grow out of, like 1980s Trots who are now company directors, and for very much the same reasons.
Just listen to or read today's Righties, and you will hear or see it. Theirs is the voice of extreme youth: arrogant, naive, tolerable in small doses, but insufferable after only a very short time.