Tag Archives: fair tax

Have They All Gone Mad? We’re Living In A Hovel!

I want to introduce a concept to you. Imagine the country is your home. It is made up of the bricks and mortar, the roof, the inner walls and windows. It includes certain essential living items like a cooker, central heating, fridge, carpets, beds, furniture and within that we place our luxuries such as televisions, stereo system, food mixers, microwave, cutlery, glasses, wine, food, overseas holidays, new cars, dining out etc.

This is, of course, extremely simplified, but I just want you to consider a relatively simple analogy.

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Why The Gap Is Closing. Scottish Independence. What They Don’t Want You To Read!

Scotland's assetsI have not written this for pro-independence supporters. This is written for those who are still supporting ‘no thanks’ or undecided. There is a reason the gap is closing and is now only 6 percentage points – it is because the scare tactics are being overcome, one by one.

Better Together (BT) have continually tried to scare Scots over the currency, Europe, pensions, health, savings and oil. As these have been answered, the strength of the no campaign has gradually, but steadily weakened. What I intend to do here is explain why the ‘scares’ are no longer so scary. Scaring as a tactic never works and is the final refuge of those who don’t really have any constructive arguments. If you are undecided or intending to vote no or not vote at all, then can I appeal to you to read this? it will only take five minutes of your time and could affect the rest of your life. Please email me with questions or for any clarification.

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Cameron & Darling Think The Scottish People Are Too Stupid & Ignorant To Understand!

David Cameron laughing because he thinks the Scots are stupid and ignorantWatch the news and you will be listening to David Cameron and Better Together talking about the child care plan of the Scottish government. What they are saying shows that they are assuming the Scottish people are either too stupid or too ignorant to understand how it works.

If you don’t understand the child care issue please read this as it will make it extremely clear in simple terms and will also show why Cameron and Darling are being so disingenuous.

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One Hundred Businesses Tell You To Vote No – Don’t You Wonder Why?

This is such an easy question to answer. Put yourself in their shoes. You would then either own your own business or would report to your shareholders.  You are likely to have a salary of up to hundreds of thousands of pounds and might even get million pound plus bonuses. You would employ an army of accountants to cheat the rest of the population out of their rightful share of your tax. No wonder you are against Independence because you are then likely to have left of middle governments who will ensure you pay your share of taxes. It’s a no brainer for them to be against Independence. Obvious.

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Why Voting “NO” Is As Negative As It Sounds. Think Of The Opportunities. Grasp The Chance Of Real Change.

There is no point me typing this if those of you of the same mind don’t forward the link to your “No” friends and acquaintances. You can even add your own comments to it although I’d appreciate it if you made it clear what you have added.

An Independent Scotland can decide how to use our wealth and resources to benefit us, our families and those who have generations to come.

This is what will happen if there is a vote in favour of independence:

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Scottish Residents Need To Wake Up

The political situation in the UK is deeply worrying.

Currently the backlash against the Liberal Democrats for getting into bed with the Conservatives seems to have damaged them beyond immediate repair. At the next UK general election, not only will they not be able to seize power themselves, but the number of members of parliament they are likely to return means that there is little chance of them retaining the balance of power. The coalition will end. Continue reading

Fairness – the wealthy government ministers don’t understand

When it was discussed that the 50p tax rate should be dropped, the argument put forward was that it hardly brought in any revenue so its adverse effect on entrepreneurship meant that it should be dropped.

This demonstrates an absolute misunderstanding of fairness. It really doesn’t matter how little revenue such a tax generates, the element of fairness is that people earning six figure salaries are paying a larger amount into our country’s community coffers. It is seen to be fair.

It has been said that if we try to tax huge bonuses, the people will move out of the UK. Perhaps some will, but there is always new talent rising out of the masses and if they want to throw over jobs which pay huge bonuses and think they can do better in Germany or Brazil, frankly we should let them go. If the UK leads the way, others will follow.

Entrepreneurs who build businesses worth mega-millions will have had to risk their own money and, often, had to stake their homes to succeed. I have no problem with the Dyson’s of this world earning millions upon millions each year. Dyson, Gates and others have thrown their all into building their empires and we all know that enough businesses have failed over the years leaving similar geniuses bankrupt. It is the risk that makes it fair that they should benefit from their achievements. I know from experience. We were on the verge of great things when it all went wrong in 1990 recession and we almost lost everything. The luck of the draw, really.

BUT, when a salaried employee at, say a bank or supermarket chain, is paid two or three million a year it really is obscene. The heads of Tesco, Sainsbury’s, Royal Bank of Scotland etc. have never risked any of their own resources in building the businesses for their shareholders! Yes, they should get a fair and proper salary, perhaps it could be half a million a year, but surely not an amount larger than some of the largest lottery wins every single year that they stay in their jobs. Even when RBS was going great guns, what gave Fred the shred the right to a pension pot that would pay him about a million a year for the rest of his life? Somehow he even managed to retain that pension pot when he bankrupt the company. HE LOST NOTHING!

The big shareholders, the people who look after pension funds should be stopping these huge salaries. The trouble is that the type of person who represents, say Norwich Union, at the Tesco AGM is also on a megabuck salary. These guys are voting themselves an upward spiral of income beyond all common sense.

Government has the ability to stop these spiralling salaries using the tax system. Salaries between £100k and £200k should be taxed, as now, at 50p, but then it needs to accelerate. If your company wants to pay you a million a year, then it will be taxed at 75p, two million at 85p, three million at 95p and so on. The companies would soon stop the escallation.

Remember that this is salaries and does not hurt the entrepreneur who will probably get most of his income from dividends. The Dyson’s, Sugar’s and other successful entrepreneurs of the country can earn their millions … and good luck to them.

Does this mean all the best people will leave and take jobs elsewhere? Many will, but it is a fact of life that every chief executive of a large organisation has a whole team of top and middle managers just dying for the opportunity to step into his shoes. Give it a year or two and the whole thing will have evened out.

We need to ask whether Fred the Shred was an irreplaceable genius or whether he just appeared to be the best of the bunch when he rose to the top. Believe me, if he had been hit by a bus the week he became chief exec of RBS, someone else would have stepped into the job. Also look at Tesco. What an incredible job the CEO did building it the last few years, but what happened in 2011? So, what a surprise, Clarke was not infallible, so why was he paid as if he was? Others, great retailers, coming from within the company or from other companies could have stepped in and, perhaps, done even better. There is ALWAYS someone to step into the boss’s shoes, ALWAYS!

Am I advocating some sort of communism? Of course not, I am asking for a government of this country to not just give lip service to fairness, but to actually take action to achieve it. The escalating tax system need not be introduced in a single measure, but could build up over say two or three years.

Frankly, the people more interested in personal greed will leave the country. See how they do overseas. Do we really care as long as people who deserve the promotion end up with good salaries over several hundred thousand a year by stepping up into their shoes? It takes a genius to build their own business, it just needs skill and ingenuity to run a large corporation.

The tax system will also, of course, stop the obscene bonuses in the city. The edge will be taken off a one million pound trader’s bonus if 70 or 80% of it is going to disappear in tax!

The problem in this country currently is that there is no sensible socialist party. There is the current labour party who are not only scared to be so radical, but also incapable of grasping the opportunity to jump on the fairness bandwagon, and then the radical socialist groups who, frankly, would be a disaster if ever they got any power.

We need a new social democrat party and there is no one out there to deliver it?

What can you do? If you think some of what I say is on the right track then please share this post with as many people as you can. Social networks have great power – just look at the middle east. Can it cause a new political party, The Fair Party, to be formed? Please share if you even hope it can.