| Topic: | Re:Gordon Bean and the Milibeans | |
| Posted by: | Richard Greenhough | |
| Date/Time: | 20/04/15 15:42:00 |
| "..the incompetence at the heart of their last administration i.e. people like Brown, Balls, Milliband and Harman.." Throughout Tony Blair's Premiership, the top rate of income tax was kept at 40%. It was widely recognised that that was a fair rate, at which most high-earners would accept the tax and not go out of their way to set up avoidance schemes. It was also recognised that a higher rate would probably net very little additional tax. Once the restraining hand of Blair was taken away, Gordon Bean decided to announce a "temporary" top rate of 50%, thereby binding his successor as Chancellor to a foolish policy for entirely political, rather than economic, purposes. The truth of this has been demonstrated by all the howls from the Labour benches when the coalition began to reduce the "temporary" top rate back towards the Blair level, and the demands from the left-wing mini-parties such as the SNP, Plaid Cymru and the Greens for the return of the higher rate. When a political party introduces tax proposals for narrow political reasons, rather than sound economic ones, that party is not fit to be in charge of the nation's finances. Milibean Minor and Balls have learnt nothing useful from their part in the failed Bean government, and their policies on income tax and the mansion tax demonstrate that they are not fit for power. You just can't trust Labour. |