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August 29, 2004
Some more grave-robbing, Chancellor Brown?
The Chancellor of the Exchequer, the Right (Dis)Honourable Gordon Brown, MP, Republican and Scottish Nationalist Member of the Labour Party (with Ambitions!), is planning a revision of the Inheritance Tax so that he can grab the Trust Funds many Middle Class families set up to protect their children's inheritance from this greedy and wasteful government. Now this unfair and wicked tax - set up to destroy the whole ethos of passing on any form of inherited estate - is to be used in this ghastly man's war on the Middle Classes, destroying their hopes for improving their children's chances of success.
The tragedy is that many of the Middle Class families most likely to be hit hardest by this will be people who will have voted for this malignant cretin out of misguided hopes that the Labour Party would deliver on the promise to be less sleezy than the Conservatives. Guess they now know what their reward will be. Brown has overspent in every direction, he has been incredibly profligate with the government's income from tax, spending (or promising to spend) far more than he actually gets. Now he has to find some more money and can't (because Tone won't let him) put up the Income Tax rates, much as he'd like too.
Despite repeatedly asserting that they will not raise taxes, have not raised taxes, have no intention of raising taxes - the average wage earner in the UK is now paying more than 40% of their income in direct and indirect taxes. What do we get for it? Not a lot. Six hundred and fifty-four MP's with their entourages and their featherbeds, five and a half million civil servants who do nothing productive, a shrinking military force, a fire service and a health service falling apart, while they add layer upon layer of Assemblies, Parliaments, and other hordes of space and time-wasting featherbedded political cronnies and their accompanying bureaucrats, that's what we get.
Will anything improve with this additional raid on savings? Did it improve when he robbed everyone's pension funds? Don't hold your breath - the only beneficiaries will be the politicians who will vote themselves yet another huge increase in salaries, "expenses" and perks - at our expense.
God help us all if he ever becomes the Prime Minister!
Posted by The Gray Monk at August 29, 2004 11:06 AM