Andrew Neil was lambasting the Liberal Democrats today (BBC2 Daily Politics 24 September 2012) with the unreferenced factoid: the “top 10% pay 55% of all income tax paid”. Out of context it is meaningless and does nothing other than make Andrew Neil look like a bully.
I wonder how much of all income does the top 10% snaffle? More than 55%? If it is more than 55%, I very much hope that they are paying at least 55% of all income tax paid. Looking at Wealth Accumulation and Total Tax might be even more illuminating.
Are similar figures available for the top 1%, the top 0.1% and the top 0.01%?
Once we know this we may be able to have a more educated debate about the progressiveness of our tax system.
Another George is in the headlines and outside the marginals a parliamentary seat has changed hands. (Ref: George Galloway wins Bradford West by-election,). BBC News 30 Mar 2012). Unfortunately I suspect it is a one-off, but underlying this result there may be a “crack in the dam”. Read more…
It seemed so easy; get photographed signing a pledge that you would oppose tuition fees and work to abolish them. But then you end up in Government and unable to implement your manifesto. No wonder students are giving the Lib Dems a look that would put them six feet under – or possibly 120 times that depth. Read more…
The rather synthetic cries of outrage from “the capitalists’ spokesmen” alerted me to the fact that someone had dared to suggest that capitalism was either:
Obviously a really major ground-breaking speech was about to be made.
Just been watching the BBC Daily Politics (Liberal) Conference Special where they had a “mood balls” survey about whether Child Benefit should be universal. By a heavy majority (on a small sample) those who voted (including some Lib Dem MPs) voted against universality.
This surprised me – particularly since it would strike me as much easier to administer a benefit if it is universal, but then to claw it back from those who don’t need / deserve it by adjusting higher rate thresholds.
The Conservative – Liberal Coalition has promised a referendum on the introduction of the Alternative Vote (AV), yet: