Originally posted by ResistTheSun
Fiscal policy can be rather dull, but rather striking the balance taken when it comes to spending.
Every year for the UK
Pension tax relief £50 billion top 25% of earners
Tax gap £17-60 billion
UK Deflict [UK needs to borrow this amount per year to fill the gap] £97 billion
Do the maths I do dare you ^_^
Average house price 1991 £54,547 2014 £186,544, last major update to the council tax rate 23 years ago.
635,127 empty homes across England
Housing shortage 1 million need 340,000 per year built, current number is around 110,000. Smallest homes in the EU.
Housing benefit £16.94 bn [goes to land lords]
Council tax earns £24 billion
Average income 1991 £19,000 today £26,500
Tax properties worth 2 million or more, impact 50,000-100,000 properties estimate £1.2 billion each year.
Nigel Wilson, the chief executive of Legal & General called the idea “poor economics”
Maybe living in a world of rainbows and candy but rational?
Sorry but it as about rational, as adding go faster stripes to increase top speed. Took me about 10 mins to collect all the information, coming from somebody who did not study economics or high level mathematics.
Hysteria about immigration, europe cause and symptoms are two different things don't get confused.
Obvious but it time for an alternative instead of blaming immigration and europe, lets blame incompetent neoliberalism policy for the past 30+ years. UKIP share so much when it comes to neoliberalism and want more of the same.
Dissatisfaction I do understand but UKIP is not the answer, saying the right thing. But fail fix problems sounds good but rational not even close.
Inheritance tax is a good example, sounds bad but you need to hit £325,000 rate 40%. In order be in the top 1% of Britain you need to earn £160,000, threshold for inheritance tax means you're within the top 10% and 17,000 people had to pay it for 2013. My Dad wanted to scape inheritance tax until I told him that.
Time to fix root of the problem instead of being irrational.
[Kudos if you got any of the above]
This is coming from Britain the place where it's illegal to wear a full suit of armor to a politics event