Why is it that politicians can never see past their limitations and constantly come up with the same solutions to any and all problems. Take Nicky (boy) Clegg, the Lib Dem leader who in order to solve the recession came out with the usual left wing classic of soak the rich…
Chancellor George Osborne has warned against “driving away” the UK’s “wealth creators” after Deputy Prime Minister Nick Clegg called for a temporary additional tax on the rich.
Mr Clegg argued that those of “very considerable” means should pay more into the system, leading to an angry reaction from several Tory MPs.
He said this should come in addition to the Lib Dems’ proposed “mansion tax”.
But Mr Osborne said it was important not to deter business from the UK.
In recent weeks there have been several reported clashes between Liberal Democrats and Conservatives over issues including House of Lords reform, airport expansion and plans to redraw boundaries for House of Commons seats.
Now I’m no big fan of the Tories, but they do seem to grasp the laffer curve principal of taxation far better than pretty much any of the current political parties in the commons. What Cleggy boy is proposing will probably have exactly the opposite effect to the one he believes will happen. Should he get his way, pretty much everyone in the category he chooses to rob tax, also has the money to bugger off abroad and never return. But it’s not just that small fact that will cause the problems, those that do leave will no longer invest in our economy, spend money in our shops, hire professionals to do work for them and all the other bits and bobs the well off contribute to our society.
Yet Cleggy boy can’t see this, or chooses not too, nor for that matter do any of the hard of thinking political left as their constant cries for robbery with menaces higher taxation on the rich.
You never hear calls for lower government spending, less government involvement, you might hear the odd call for lower taxation, but it’s never in line with less government, that sadly is not how politicians think.
Would that they did…