Scruff7 said:
Yes, it would mean those who can afford to pay more are taxed more, but that means we won't be cutting off support to those less well off, the vulnerable and essential services., all those services we need but don't usually think of. The impact the current policies will have on those hard working people on lower incomes and the pubic sector (who work just as hard as anyone else), will be huge. Finally, the amount you earn does not equate to how hard you work - a nurse in the UK earnes between £12k and £25k a year, a soldier earns £16-25k a year, a policeman between £19-32k, a social worker between £17-35k. are they not as hard working as bankers, stockbroakers, insurance brokers, hedgefund managers? I think it would be unfair to say they deserce less money. |
The problem with deficit... any deficit, is the crippling effect it has on inflation. Contrary to popular belief, inflation is the direct result of debt (I can go into the economics of it all, if you want). Inflation, at the moment, is between 3 and 4 percent - almost double the BoE's target rate.... I would wager that the rate is so high because of the past year's huge deficit, and the mounting effect of the overall Government debt.
And, is inflation important? Yes. A sustained period of time of inflation at 3-4% would mean that the value of money would effectively half over a period of around 20 years. The value of money halving would be seen as prices doubling. The doubling of prices over twenty years... who do you think that's going to effect the most? The people who are currently struggling to get by, or those who have piles of money?
