The wealthiest 20% of Britain’s earners will receive almost as much support from the state through the “shadow welfare” of generous tax-breaks by 2020, as the poorest fifth take home in benefits, according to a new analysis by the Fabian Society.
From the perspective of disposable income it makes no difference whether the government gives you a tax allowance or a cash payment,” he said. “The government must explain how it can justify giving more money to working couples through the ‘shadow welfare’ of tax reliefs than to the unemployed through benefits.”
Not taxing people is the same as taxing others to give people money. That is, the starting point here is that all belongs to the State and you only get what you’re given.
Hmm, no, let’s start hanging people who think that way, shall we?
How would you like £3,166 a year of free money from the government? Sounds too good to be true? Well if you’re in a reasonably paid job that’s exactly what you’ll be getting when the new financial year starts in April. This sum is the cash value of two huge tax breaks, the income tax personal allowance, which will exempt £11,000 of taxable earnings, and its equivalent in the national insurance system.
Yes, hang them.