[Gllug] VACANCY: Junior Systems Support

[Hari Sekhon]

Christopher Hunter wrote:
> On Wed, 2009-09-09 at 10:52 +0100, Hari Sekhon wrote:
>
>   
>> So the current system removes incentive from poor people and removes 
>> incentive from hard working people and people who have good jobs, and 
>> the UK government think they are financially clever how exactly? Oh 
>> wait, they are clever, they fleece people more than any other 
>> government... more money for them! Now that is clever...
>>     
>
> I remember my brother (when doing his Economics Degree) ran a simulation
> that was used by the government to model the British economy.  He
> experimented with various rates of income tax, and (at the time)
> discovered that he radically increase the overall tax receipts by
> setting a zero rate of income tax, and increasing VAT to 22%!  
>
> Indirect taxation like this makes good sense - the more you have to
> spend, the more tax you pay.  Simple.  It would also get rid of a huge
> number of government officials who are there to impose income tax...
> Also a good thing!
>
> However, it's such a sensible solution that no British government would
> ever consider it...
>
> C.
>   
Now that is amazingly interesting, thanks for sharing!

Maybe some economic analysts in the government didn't agree with the 
conclusion of the model (or maybe it's just the government being rubbish 
I can't say)

One good thing about that though is that it would steer the population 
to less consumption which surely must be a good thing for the 
environment and also for those of us who are modest with our money.

That is also very fair because the more you have to spend, the more 
wealthy you are, the most you are and can afford to be taxed.

Something people have made an error in is assuming that someone on £50K 
has lots of money or is very comfortable, when in reality it might all 
be getting sucked up in to a high house price mortgage so they've got 
less cash in their pocket than someone working and getting near free 
accommodation in a council flat or who screwed the governent/council 
with "right to buy". Older people who bought houses cheaply when there 
was less pressure on housing probably won't think like this though since 
they haven't got high mortgages.

I think you're just topped the list Chris!

-h

-- 
Hari Sekhon
http://www.linkedin.com/in/harisekhon

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