No, this really isn\’t a good idea.
The European Commission is to demand direct taxation powers to generate one-third of the EU budget by 2020 under proposals that will impose £3 billion a year in \”stealth taxes\” levied on Britons.
Putting a bureaucracy in charge of how and how much taxation there is to feed that bureaucracy simply isn\’t a good idea. It misses that essential part of the process, the ability to throw the bastards out. You know, that democracy bit?
It\’s taxation without representation, pure and simple.
There\’s also a detail unappreciated:
to shift EU funding from national government transfers to EU-wide taxation on energy, travel or banking………………new levies on financial transaction and VAT……………in return for the new European taxes on consumers or banks.
Officials are confident that another 21 per cent can be found from energy, greenhouse gas aviation and financial taxes, new taxation that can be sold because the revenue would also bring in income for national governments as well as raising money for the EU.
\”It would not be about EU taxes but making polluters of the environment pay or the nasty bankers contribute to paying for the problems they created,\” said the source.
But as we know, taxes on financial transactions are not paid by banks. They are paid by consumers of financial services.
So everyone will, again, be told that it\’s those bastards over there paying while in fact it is their very own pockets being picked.
So it\’s a bad idea in general and a bad idea in specific.