Tax cuts for the rich have deprived the UK public of almost £14 billion
The highest earners have enjoyed hundreds of thousands of pounds in savings as a result of a reduced top rate of income tax, says UNISON.
The government’s decision to cut the top rate from 50p to 45p introduced in April 2013 has benefited the rich, while local authorities have been starved of funds and services cut, contributing to social care problems faced across the UK.
UNISON has calculated that the savings for super-earners with incomes of more than £1 million a year have reduced payments to the Treasury by £13.98 billion, between 2013 and the current financial year 2019/2020. As a result the UK’s millionaires have paid £782,000 less tax on average over seven years.
A new report by the House of Lords Economic Affairs Committee on the adult social care sector published on Thursday estimated that a new NHS-style social care system would cost £7 billion annually and could be funded from taxes.
https://www.unison.org.uk/news/2019/07/government-plough-money-social-care-not-tax-cuts/
Lugenpresse
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But Mein Fuhrer
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while local authorities have been starved of funds and services cut, contributing to social care problems faced across the UK. So why don't you help the poor Nom? You said you were rich. Ah, that's right. You lied about being rich to not look like a stupid failure of a human being. Side: Lugenpresse
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More fake news. What this means in real terms is that on some occasions the illegal immigrants may have to take a bus instead of a taxi to collect their benefits cheque. It also means that those ambitious, hardworking industrious entrepreneurs will get to keep a little more of the hard earned dosh. As the nation's lazy lowlives lie and fart in bed all day they will try to rationalize how the tax system favours the high achieving, enterprising fireball wealth creators while penalizing the poor downtrodden, workshy idlers. Side: Lugenpresse
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More fake news. Banned for making absurd comments. What this means in real terms Translation: let me spin and distort this story I just claimed was fake in my last sentence. illegal immigrants Here we go again. Bye Hitler. Taker your obsession with hating foreigners with you when you leave please. Side: But Mein Fuhrer
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They worked here. No they didn't. 2018 was the worst economic year for the last decade. Stop making reality up as you go along, you fucking retard. 2018 was was the worst for stocks in 10 years https://edition.cnn.com/2018/12/31/ FTSE 100 suffers worst year in a decade, falling 12.5% in 2018 In fact, just get out. You're a paid corporate troll and it's annoying having to read your stupid fascist bullshit. Side: Lugenpresse
I find it quite astonishing that so many Muricans still don't understand the difference between a growth in GDP and a growth in prosperity. Just because your stocks may be high or your GDP has increased, that does not mean that your country as a whole is more prosperous. For example, austerity in the UK essentially caused a huge redistribution of wealth from the working class to the upper class. While the UK's "economic output" increased, real wages and purchase power for the majority of UK society has decreased, if anything. Yes, it may be great for the country's credit rating, but it is utterly abysmal for most ordinary people. This is the issue when leaders are more concerned with the superficial health of a country's economy rather than the day-to-day living of the majority of its citizens. And Trump's economic policies definitely fall into the former category. As an aside, what Trump is doing is essentially quantitative easing. A fancy term for a policy that blatantly pushes more free capital into the hands of the richest in society. What this leads to is an increase in borrowing power, and ultimately, a disproportionate burden of national debt on the lower earning taxpayers. Cue economic imbalance, bursting property/stock bubbles, and a secondary, greater redistribution of wealth in the favour of the highest earners. It's a form of economic engineering, that serves to hegemonize wealth. The insidious part is that these policies have short term positive effects, about long enough to win a second election, I would say. And of course, the next President (no doubt a democratic one) will then bear the fall when the bubble inevitably bursts. Political approval by deceiving idiot Republicans into believing their Messiah was the best thing since sliced bread. He gives the speech, and you cheer, and behind his back he's siphoning off your livelihood to his dubious peers, preparing the rope he'll eventually hang you with. BUT NOT UNTIL THEY ELECT A BLUE. Side: Lugenpresse
Well LIMEY you SOCIALIST should fix what you oppose !!!!!!!!!! LMAO !!!!!!!!!!!!!! Basic rate £11,851 to £46,350 20% Higher rate £46,351 to £150,000 40�ditional rate Over £150,000 45% DUMMY you have failed to reference the personal taxation in the UK !!!!!!!!!!!!!!!!!!!!!!! Side: But Mein Fuhrer
I support this group of voters because I share their thoughts and believe in their ideas. Side: But Mein Fuhrer
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