Thursday 22 March 2012

More Budgie Than Budget

When all the arguments about robbing pensioners (no they will lose an allowance, possibly pay more tax), reduced red tape (to the degree anyone will notice?) and reducing the burden on business (yeah, but for your mates the big companies, eh George), there is something simple and wrong about the Budget.

There is a glaring omission from its actions and aims. Firstly, the basic tax allowance will go up a decent amount, which will be paid for by not giving an increase in handouts to pensioners. The top tax rate, that hasn't worked as a method of bringing in revenue has been reduced and companies are to see Corporation tax reduced.

So, on the one hand Osborne is giving to 'stimulate business' and so the economy and on the other he is taking away from the masses to pay for it. The bit that is missing is government. Tax is raised for government to spend and whilst G Brown Esq. is principally responsible for the debt that Britain is saddled with, Osborne is doing very, very little to abate it.

Think about it. Those tax increases on all of us could easily be funded by not giving subsidies to rich landowners and businesses doing little beyond holding their hand out for cash, though ostensibly in the business of renewable energy.We could stop having support groups funded by us for every fashionable cause a Leftie can think up.

In short, if the government stopped doing a whole raft of things we never asked and certainly do not want them doing, the tax burden would diminish drastically. And that is before they try to run government as if it were a business and make a) the money and b) the 'staff' accountable. Reducing fraud and waste within government would be another big boost for us as a nation and as wealthier individuals.

But it won't happen because politics is about power and the last thing you do as a politician (and particularly in these days of insular politics, unconnected with purpose) is give away power. And money  is power. So no, give a little here, take a little there but strangely, don't let it impact on politicians. Heck, if they actually had to work at their parliamentary job, there would be no time for all the other things they do, usually corruptly to increase their personal well being.

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