A Tax Reform Can Solve the Economic Crisis

A Tax Reform Can Solve the Economic Crisis.

Economists say there is no quick, simple solution to solve the economic crisis. There is. A tax reform to that will make us all richer.

It is had been adopted 10 years ago it would have prevented the housing boom spiralling into a financial catastrophe, and Britain would be leading the way to prevent the global environmental crisis. The current economic model used by all western governments is flawed.

The 16th Century Coup Has to be Reversed

All we have to do is reverse the 16th century coup against the people of England by the aristocracy. As far back as 1066 people paid for the public services out of the surplus income from their land. It contains the solutions to so many of society's problems.

3/4 of public revenue were still being raised from land income right into the 17th century. Then the aristocracy executed their coup. They hijacked the tax system so that they could pocket the land income of the kingdom. By the middle of the 19th century just 4% of revenue came from land. The first attempt at a counter-coup was in the electrons in the early 20th century. Parliament became a scene of a violent political clash over the budget of 1909.

But the House of Lords was full of powerful landed aristocrats in their large country mansions. They proved too powerful. They were able to defeat the will of the people.

The People Were Penalised By Income Tax

So government had to raise revenue by penalising the people by taxing their wages. 100 years repressed growth followed as the tax burden crushed the working population. The bad taxes destroyed jobs, wrecked the natural environment, rewarding the polluters while penalising the producers.

Governments know that taxes damage the economy. They implement stealth taxes to camouflage the impact.

Winston Churchill Failed to Reverse The Aristocratic Coup

100 years ago Winston Churchill tried to shift taxes back onto land owners. If Gordon Brown had implemented this in 1997, by now national income would be greater for every man, woman and child by £15,000, and we would have avoided the property boom & bust and Credit Crunch Crash.

All Political Parties Should Unite in Tax Reform To Shift Tax Away from Income

When you shift taxes from working and saving to Land Values, you get rid of the distortions that make people work less and save less. And therefore people are operating in a more efficient fashion.

Political parties should stop fighting amongst themselves and unite in tax reform. That will not happen until people man the battlement and insist their ancient rights. The landowning aristocracy betrayed the people of the UK by blocking the People's budget in 1909,

The Lords Are Still Trying to Eliminate Tax From Land.

Parliament must finish the business it started 100 years ago. The removal of

66 hereditary Lords by Tony Blair paves the way forward. In early 2009 the House of Lords discovered that 4 Lords were prepared to accept money to influence a law to further reduce the tax liability on landed property.

100 years after the People's budget some Lords were still lining their pockets at the expense of the people.

Reply to
Doctor Drivel
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Yes this Labour government is really good at stealth taxes..

They stealthed away billions from pension funds and are now wondering why there is a pensions fund gap. They stealthed away billions from the telecoms market and destroyed the UKs only telecoms supplier and wrecked BTs plans to introduce fibre broadband. They are stealthing away billions in NI increases and that will wreck jobs. I leave it to others to list the many other stealth taxes the Labour government has introduced and the bad effects they have had.

Its good that you remind everyone how bad labour is, keep it up.

Reply to
dennis

They all are.

Have you heard of the Credit Crunch? Do you known what it is?

Reply to
Doctor Drivel

Here are the first few:

July 1997

01 ? Mortgage Interest Tax Relief At Source (MIRAS) reduced from 15% to 10% 02 ? Dividend Tax Credits for pension schemes abolished 03 ? Income tax relief on health insurance abolished 04 ? Insurance Premium Tax extended to some health insurance 05 ? Road Fuel Tax escalator increased to 6% 06 ? Vehicle Excise Duty increased 07 ? Tobacco duty escalator increased to 5% 08 ? Stamp Duty raised to 2% 09 ? Carry back of Corporation Tax losses limited to 1 year 10 ? Windfall tax on utilities

March 1998

11 ? Tax relief for the married couple's allowance (MCA) cut to 10% 12 ? Top rate of Insurance Premium Tax extended to travel insurance 13 ? Exceptional increase in tobacco and alcohol duties 14 ? Duties on casinos and gaming machines raised 15 ? Road Fuel Tax escalator increase brought forward 16 ? Tax on company cars increased 17 ? Tax relief on foreign earnings abolished 18 ? Tax concessions for certain professions abolished 19 ? Capital gains tax imposed on certain non-residents 20 ? Restriction of Capital Gains Tax relief on reinvestment 21 ? Corporation tax payments on account brought forward 22 ? Stamp duty increased again 23 ? Certain hydrocarbon duties increased 24 ? Additional diesel duties introduced 25 ? Landfill Tax increased 26 ? Double tax credits on certain dividends restricted

March 1999

27 ? National Insurance Contributions earning limit raised 28 ? NI Contributions for self-employed increased 29 ? Tax relief of Married Couple's Allowance abolished 30 ? MIRAS abolished 31 ? Self-employed contractors to pay NI and income tax as if employees 32 ? Company car business mileage discount limited 33 ? Double escalator on tobacco duties 34 ? Insurance Premium Tax increased to 5% 35 ? Vocational training relief abolished 36 ? Employer NI Contribution base broadened to include all benefits in kind 37 ? VAT on some banking services increased 38 ? Tax on reverse premiums paid to tenants by landlords introduced 39 ? Duty on domestic fuel oils up 40 ? Vehicle Excise Duty for lorries increased 41 ? Landfill tax escalator introduced 42 ? Stamp Duty rates raised again to 2.5/3.5%

March 2000

43 ? Tobacco duties increased above inflation 44 ? Stamp duty raised for 4th time, scope of duty extended 45 ? Extra taxation of life assurance companies 46 ? Rules on tax havens tightened up 47 ? Company car taxes raised

2001 The Chancellor gives the exhausted nation a year off ? no new stealth taxes!

April 2002

48 ? Personal tax allowances frozen 49 ? National Insurance threshold frozen 50 ? NI Contributions for employers raised 51 ? NI Contributions for employees raised [Class 1 up 1%] 52 ? NI Contributions for self-employed raised 53 ? North Sea taxation increased 54 ? Duty on some alcoholic drinks raised 55 ? Stamp duty thresholds frozen 56 ? Tax relief on investment in film industy restricted 57 ? Rules on corporate debt tightened 58 ? Nil-rate threshold for inheritance tax raised by less than the rate of inflation

April 2003

59 ? VAT imposed on electronically supplied services 60 ? Domestic staff on £89/week to pay NI & income tax, employers to pay NI 61 ? Betting duty increases 62 ? Tax on red diesel and fuel oil increased 63 ? Anti-tax haven rules tightened to cover more UK firms with Irish subsidiaries 64 ? Vehicle excise duty raised 65 ? Personal tax allowances frozen again

July, 2003

66 ? £35 added to all fines and £3 added to the cost of a home insurance policy

September, 2003

67 ? Price of petrol raised 7p per gallon (with the VAT)

October, 2003

68 ? Up to 8 times increase in the stamp duty on leases for retail premises 69 ? Airport Tax doubled

December, 2003

70 ? 40% extra Council Tax on second homes was sneaked in while the Westminster Wonders were breaking up for their hols a whole week before Xmas. Additional info : It has been pointed out that a number of councils gave an even bigger discount for second homes and the increase for some people can be 80%. Plus the usual 6-18% annual rise, depending on how bloated the council's operations have become. Exemptions may be granted if the second home owner (1) has to live somewhere because of his/her employment, (2) the dwelling comes with the job, or (3) there are special threat/security reasons involved. All of which excuses apply to 10, Downing Street, the home of a certain Mr. Anthony B. Liar. (Thanks to M.K.)

January, 2004

71 ? £60 per day fine for late submission of self-assessment income tax forms 72 ? Traffic wardens to receive powers to impose fines for a whole bunch of offences to keep poor people off the roads. The offences will include parking more than 19 inches from the kerb (£100) and dithering by people who are lost over, and who don't know whether to make a turn or keep straight on 73 ? A 'Victims Fund' surcharge fine on everyone who passes through the courts. £5 for speeding up to £30 for murder. 74 ? Legal Aid for the middle classes abolished

February, 2004

75 ? £40 per week charge to middle-class parents for formerly free nursery places 76 ? £200 per year charge to middle-class parents for places on formerly free school buses 77 ? £250 per hour charge from the fire brigade for non-fire-related call-outs, e.g. clearing up after road accidents and rescuing pussy cats from trees

March, 2004

78 ? £550 tax rise (at standard rate) for people using a company van or people-carrier out of work time 79 ? Council Tax will rise at least 7.4% next year (according to the Budget) 80 ? The tax incentive for owner-operator small businesses to become companies abolished 81 ? Tax on cross-border payments for goods and services between multi-divisional companies extended to transactions within the UK 82 ? Tax on trusts up from 34% to 40% 83 ? Duty on red diesel up 1p/litre above inflation (57% rise) 84 ? Duty on liquefied petroleum gas (LPG) used as fuel up 1p/litre above inflation (45% rise) 85 ? Personal allowances for taxpayers under 65 frozen

April 2004

86 ? PEPs and ISAs containing shares lose their tax break on dividends and the annual ISA allowance cut by £2,000 to £5,000 87 ? The 100% tax allowance for small businesses & self-employed on new computer/advanced telephone equipment cut to 50% for 2004/5 tax year 88 ? Passports ? in addition to costing twice as much as the present price of £42, the new 'biometric data' passports will be valid for half as long. They will have to be renewed every 5 years instead of every 10 years, which doubles the cost yet again. 89 ? £100 per year 'lighthouse tax' on small boats over 8 metres long. Commerial shipping lines think they should pay £2.6 million per year towards the annual £73 million cost of maintaining lighthouses and navigational equipment.

May 2004

90 ? Council Tax bills to rise a further £110 in the affected areas to pay for 'Two Jags' Prescott's regional assemblies
Reply to
John Rumm

Our confused Chav sycophant is at it again. Obviously from a Hurray Henry Tory propaganda site. The economy was superb in that time ad we all got richer.

Reply to
Doctor Drivel

We were somewhere around Barstow, on the edge of the desert, when the drugs began to take hold. I remember "Doctor Drivel" saying something like:

That's a very negative thing to say.

Reply to
Grimly Curmudgeon

Not quite the billions the media would have you believe. They took away 20% tax relief from dividends. Lets be very generous and say dividends were paid at 10%. Lets be generous and say your pension pot was 75% invested in dividend paying equities. So thats 0.2x0.1x.75 or

1.5% of your fund, probably considerably less in practice. Yes it will stunt the growth a little but it wasn't difficult to compensate by increasing contributions a little. My pension provider gave goos advice. if your's didn't, I suggest you take it up with them, rather than following the sheep and bleating about Labour's pension "raid".

If you mean Marconi, they committed suicide by paying *cash* for an ill advised aquisition. Vodafone pid in shares for Mannesman and lived to tell the tale.

Indeed, but it does no one any good just spouting any old crap.

MBQ

Reply to
Man at B&Q

That would be per year, if you didn't know that then you should blame your provider for giving cr@p advice.

Reply to
dennis

Just to comment on three:

For myself, I was a huge beneficiary of the car tax changes - IIRC I ended up paying less for my Honda Jazz car tax in 2007 than my Suzuki Wagon in 1997, and the changes in company car tax (light use) left me hundreds of pounds better off each year. Whenever this subject came up in the Tory press the focus was always on the losers, never the winners.

Mortgage interest tax relief is based on the fallacy that you help buyers by giving them more money - as we found out last year with out First Home Owners Grant, you just help sellers as grants and tax reliefs put prices up.

The Corporation Tax change and reverse should have been foreseen. The idea was sound: if you formed a company and retained your profits tax free (?) you could build up your business. Instead more than a few people (legally) incorporated, paid themselves next to no salary, instead paying out what they earned as NI-free dividends, effectively putting two fingers up to those in regular salaried jobs and people like me who traded as companies, paid ourselves a proper salary (NI and all) and then paid dividends out of genuine profits. What else could they do.

I remember what life was like under the Conservatives 1992-93, double digit interest rates and my bank threatening to foreclose on my business. Under 1997- Labour governments I worked hard, was well rewarded and paid a lot of tax (which is only fair) which is why I can now enjoy life here ... still working hard and paying tax!

The one thing that all you in the UK can be assured of is that taxes won't go down under the next government ... unless you're an about-to-die mega millionaire and the Conservatives win.

Reply to
Tony Bryer

There's a point we agree on dennis! :)

Reply to
Clot

Using a full Land Valuation Tax (LVT) means no income tax, no tax on savings, no inheritance tax, no Council Tax. Only a tax on the values of land.

But you make a ton of money on the increased value in the land. You displayed on enterprise to gain this value. Nothing. The value was created by the community. It is really the communities money.

Yep!!

Reply to
Doctor Drivel

Fanastic! A clot and a clown.

Reply to
Doctor Drivel

In message , Grimly Curmudgeon writes

I like the way you lepton his statement

Reply to
geoff

snipped-for-privacy@g11g2000yqe.googlegroups.com...

Well, Derrrrr. God, your quick, of course it's per f*****g year.

MBQ

Reply to
Man at B&Q

Did you like that Maxie? Wow! Do you £1 per minute, (may vary with network) for people to speak to you that way?

Reply to
Doctor Drivel

messagenews: snipped-for-privacy@g11g2000yqe.googlegroups.com...

So its billions and still going.

Reply to
dennis

We were somewhere around Barstow, on the edge of the desert, when the drugs began to take hold. I remember "Doctor Drivel" saying something like:

With you, it's all spin, spin, spin.

Reply to
Grimly Curmudgeon

I am firm on the ground. Maxie a known spinner. He a big motorbikes and spins on that.

Reply to
Doctor Drivel

In message , Grimly Curmudgeon writes

Well, drivel certainly lacks charm ...

Reply to
geoff

He will keep leaving his microphone on...

Reply to
The Natural Philosopher

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