Tag Archives: 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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Reading Between The Lines Of The First Independence Debate – 5th August 2014

Looking back on this debate after sleeping on it, I am of the opinion that the NO campaign came out on top in the arguments. However, I was, all of the time, expecting Alex Salmond to put in a killer statement. It reminded me of watching Muhammed Ali’s later fights when those who knew his ability from earlier years expected, any moment, for him to lash out a series of unstoppable punches and win the battle. In actual fact he just stayed on the ropes and disappointed the world. It would be sad if the same fate happened to Alex Salmond, but I would not cast doubt on this man’s ability to bounce back until the morning of 19th September 2014.

The Saltire - the national flag of ScotlandWe must remember that this man and his government have done their utmost to protect the Scottish people from the excesses of Westminster cuts, ploughing in money from their allocation to defuse some of the worst of the bedroom tax, boost the spending on care for the elderly, keeping prescriptions free and continuing to make Scotland a good place to do business. If the NO campaign win in the end, the Scots would be foolish to evict Salmond’s efficient and compassionate government. I know many dislike him, hate everything he stands for and would give him a low approval rating, but his government have achieved a huge amount over the past few years.

Why Salmond is in a rut on the currency matter is what really surprises me. He is a very shrewd politician yet he has not taken the obvious route to countering the NO campaign’s currency arguments. Could the answer be below?
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Government suggest panic buying!

ShutIt seems a ridiculous heading, but it is true. What on Earth was Cameron thinking of when he suggested topping up as you pass a filling station. Surely even someone divorced from reality by the class structure, should have realised what would happen.

Suddenly filling stations were running out of fuel and people who were genuinely running low found they couldn’t get any fuel. How downright irresponsible of the prime minister.

When you consider that fuel is currently almost £7 per gallon (US$11) what a great suggestion to buy as much as you can at the highest price. Who benefits? The tax man.

ShutThen Francis Maude suggests we should keep fuel in jerry cans and keep them in our sheds. I don’t even keep my mower and strimmer fuel in the shed. It is asking for disaster. If petrol fumes escape the container they form an explosive gas. Create a spark in your shed and it could attempt to go into orbit, taking you with it!

How could this moron make such an idiotic suggestion? There have already been cases of people trying to fill paint cans and jam jars at filling stations. You can be certain that while Shutgovernment ministers can be stupid, the general public can be downright insane. One woman, while pouring petrol from container to container in her kitchen, caught light and now has multiple burns. Francis Maude should offer his resignation.

The trouble is that if you are a millionaire Tory, you have probably never been in a shed in your life and the chance of you ever keeping the mower fuel topped up is low. These people employ staff to look after such things and this might mitigate Maude’s stupidity to a tiny degree.

I can’t believe the stupidity of people in positions of authority. Just look at the ex-treasurer of the Tory party who got caught in a scam by a newspaper team. He was lying through his teeth about what you would get as a donor to the Tory party. Frankly, if people are stupid enough to give vast sums to the Tories, perhaps they deserve scamming.

However, with the dropping of 5% from the top rate of tax, we now find that captains of industry are tens of thousands better off each and every year. Yet more money to give their benefactors and, should we be wondering if some of those donors have influenced the reduction in that tax?

Independence for Scotland can’t come quickly enough.

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.