So, what’s the excuse now?
The tax burden on workers is greater than at any time over the past 40 years and is likely to rise to a record level within three years, according to a free-market think tank.
The Adam Smith Institute says “tax freedom” day falls on Thursday, six days later than last year and 20 days later than before the pandemic. It has not been this late in the year since 1985 when the Thatcher government was attempting to rectify the disastrous public finances after the economic crises of the 1970s.
Tax freedom day is a symbolic indication of how long into the year the average person would have to work to pay their annual tax bill, with all money earned thereafter going to themselves.
The think tank says that under government tax and spending plans, tax freedom day in 2028 will not arrive until June 24, which would be its latest date. That would make the tax burden higher than it was during the Second World War or the Napoleonic Wars.
Well, there isn’t an excuse, is there? We’re not fighting off the Germans nor the French. We’re just suffering from the fiscal incontinence of the babykissers that get elected.
Bring Back The Tyburn Tree!