| the2real4mafol said:
Fair enough, on your property tax, but you don't pay fuel duty if you don't drive and if you are unemployed and/or homeless, you are likely to pay few taxes, due to a lack of posessions. National Insurance is a 5% tax on all jobs, if you are unemployed you don't pay for it. Unless, benefits are taxed in some way? I never said "Import taxes are fine because you can smuggle goods". No i said, if you smuggle stuff in, you avoid the tax althoghter, I know its illegal. But people do it with booze and cigarettes some how. Also, VAT is set at 20% on most not all goods, which effects more expensive goods than cheaper ones. Still alot though. I feel like I live a confortable life and I live in a household that earns just £20,000 and I live in North London, so millionaires do have a very good life in comparison, maybe I exagerate but still, they get alot better than someone with a low wage. I don't believe you, if they are struggling. Nonsense! I don't think people with lower wages should have to pay as much as the rich in % of their income that's all. I would agree with low taxes for all, if the economy was fine actually. Ordinary people will of cause leave, if they face high taxes but it's far more difficult and risky for them than the rich. The rich could just jump on a plane and fly to their new country, while a poorer person would have to risk everything, even there life to move to a better place. The wealth just makes it easier to migrate safely. http://www.bbc.co.uk/news/world-europe-12662756 Look at how overcrowded that boat is, for them north african emmigrants, you would not see rich people flee like that! You question me why cutting spending don't work in an economy? Ok, i will prove it. Let's look at Greece is suffering high and very tough austerity measures. http://www.telegraph.co.uk/finance/9095554/Greek-economy-the-key-figures.html As you can see debt is way up, while the economy just shrinks and shrinks, with half a million leaving Greece in just 3 years! Also, the unemployment is at a record 1 million, which is 21%! (bare in mind, greece is home to just 11 million people) Spain is very similiar, with lots of austerity and record unemployment of 25% http://www.economy.com/dismal/outlook/country.aspx?geo=IESP The Euro zone even mirrors this, with unemployment up and industry and trade way down! http://www.economy.com/dismal/outlook/country.aspx?geo=IEUZN I spose this come to the conclusion that high taxes+cutting (austerity) = disaster. That video is sadly the truth, if the people don't get greddy, the state does. In this case France, they will learn the hard way probably. Finally, the saying goes "money is the root of all evil" and it's true! The emphasise on money caused greed and this shity economy Enlightenment is good!
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Greece and Spain are artificial economies where the government was borrowing money to pay people to do work with no value. Austerity hasn't weakened the economy it has only put the real strength of the economy on display.
This isn't much different from someone's standard of living changes after they declared bankruptcy when they built up $250,000 in credit card debt over 5 years. When they can no longer afford the luxuries they got used to it doesn't mean that they're poorer, it means they're now living according to their means
