This sort of thing does really annoy me.
The Liberal Democrats\’ flagship idea of raising the tax threshold to £12,500 would benefit the wealthy more than the poor, according to a respected leftwing thinktank.
The government is already committed to slowly increasing the threshold to £10,000, but Danny Alexander, the Lib Dem chief secretary to the Treasury, says the further move would take millions out of tax and provide an incentive for low earners.
But a new report from the Institute of Public Policy Research claims that the policy, while ensuring that people who work 40 hours a week on a minimum wage will no longer pay tax, actually benefits the richest half of the country more than the worst off.
It is claimed millions of pensioners and people in part-time work would not feel any benefit because their income is so low. Overall, around a quarter of adults live in households where nobody earns enough to pay tax. It is further claimed the poorest 10% of the country would benefit on average by just £1 a week.
Look, will you please just fuck off, this is a moral issue.
We have this thing called the minimum wage. Perhaps we should and perhaps we shouldn\’t but we do. And the argument is that it is immoral to allow anyone to sell their labour for less than this sum.
Whether we should or we shouldn\’t have this, we do.
Good, excellent, well, the flip side of this is that you don\’t get to dip the State\’s hands into those pockets which are earning this morally justified minimum sum.
No, not for defence, Sure Start centres, funding idiot think tanks, not even to pay for the majesty of the Queen\’s Justice. You are the people who have said this is a moral issue: live by your own morals.
Yes, we can go around the houses on the economic details: the poor face higher marginal tax rates than anyone else in this country which is simply idiotic and yes, this would be a partial solution. We can very easily tax back by a change in the basic rate (or even higher rate) the benefit this threshold raising provides to upper income households. It is gargantually absurd to be taxing people working part time on the minimum wage then giving exactly the same people tax credits.
But all of these things are outweighed by the simple moral point that you, cuntybollocks that you are, are making over the minimum wage.
If there is, for moral reasons, a minimum amount that people must earn then you don\’t get to tax that minimum amount.
And if that doesn\’t convince you well, try this.
How in God\’s Name did we get to where a left wing think tank is contorting itself into opposing a tax cut on the poor?