EX CHANCELLOR PREDICTS ‘WEALTH TAX’ TO FUND PUBLIC SECTOR SPENDING INCREASES BY END OF PARLIAMENT
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Keir Starmer's leftward lurch will finish off what's left of this country
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I like the super rich. I would like to be one of them. I admire their big houses, their big cars and exotic holidays, with my only comfort is that wealth doesn’t bring happiness (look at the warring Murdochs), although it does mean a nicer place to be unhappy in!
I am massively grateful for them subsidising our lives. It’s their money which funds PIP and the like. The top one per cent earn £213,000+ and they are responsible for 28 per cent of all income tax. While the top five per cent (earning more than £100,000) account for 48 per cent.
Where the hell would we be without them? Unbelievably, 4.2million working age individuals (10.2 per cent of the working population) are right now receiving at least one health-related benefit. Where do they think that money is coming from?
The rich, that’s who.
Thanks to them, or their parents, taking a big risk (making money always involves risk) and making a fortune there would be no money for benefits. Nobody ever says this.
Nobody ever says a big thank you to the wealthy. Rayner and her chums would rather die than acknowledge the debt society owes to those with a few bob.
The SIDS ( SkintIdleDimSocialists) take it as a right that the state has to look after them rather than their family. Those numbers have spiralled out of control with people now receiving PIP payments for anxiety and depression (a total racket) and even acne, alcoholism and obesity.
The country can’t afford these payments any longer, but instead of Labour cutting the benefits bill (Labour MPs forced Starmer into a humiliating defeat), they have almost certainly decided to introduce a wealth tax.
Putting aside the fact that the scrapping of the non-dom rules means there’s nobody in the country who can now even afford a McDonalds Family Meal, it’s clear that Starmer believes that in order to hang on to power and take on Corbyn’s new party he has to go Left, Left and further Left.
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And the best way to do that is to bash the rich. Reeves will do this despite the evidence from France, Austria, Denmark, Germany, Holland, India, Finland, Iceland and Sweden is that a wealth tax didn’t work and had to be repealed.
The reason was simple: high administration costs, limited revenue generation and a mass exodus of anybody with money-making skills. Starmer doesn’t care about that; he wants a nation of train drivers. Overpaid and unskilled.
The reality is that we are living beyond our means, and we have been for decades. Our savings have been too low, and our benefits and pensions have been too high for the wealth we were producing.
With this Government, we are done for. We have MPs who say that every demand from the SIDS has to be met by higher and higher taxes.
Even before the idea of a wealth tax became Reeves' new mantra, the effect of these tax-and-spend halfwits has proved to be catastrophic.
Numbers just out from the ONS show that since Reeves' national insurance increase, 69,000 jobs have been lost in pubs, restaurants and hotels, while in the same period last year, under the Tories, 18,000 were created.
My sense is that unemployment will continue to grow, and if you couple that with the worrying sign that productivity and house prices are moving downwards, I can see a recession this winter.
Astonishing that it will have only taken 18 months under Starmer for GB Ltd to effectively go bust.
You wouldn’t have to be Mystic Meg to work out that Labour would be a disaster for the country so why did Rupert Murdoch, one of the super wealthy who won't be affected by a wealth tax because he lives in America, order The Sun to vote labour on their front page and lead their digital site?
Murdoch tells anybody who will listen that he learned back in the wild west days of Sydney that if you didn’t have the politicians on your side, you would be done for. So, what was he gaining from licking Starmer’s backside? I think we should be told, don’t you?
He has the luxury of living in New York or Beverly Hills, depending on his whim. We don’t. We just have to suck up every mistake this awful government makes.
The only good news is that there is one year less of suffering than there was on July 4, 2024. It’s not much, but it’s all we’ve got.