Tuesday, 31 March 2009

Sooner or Later they'll Have to Admit it -Tax is a Bad Thing

Telegraph article here.
Darling has - sort of - scrapped the proposed hike in business rates. He said that this would valuable help to businesses in this time of crisis.
Listen you stupid prat - tax destroys returns and excessive tax destroys businesses. This is important because businesses create wealth. You don't create wealth. You destroy it.
So if cancelling - sort of - a tax rise is good for business clearly that applies all the time whatever the state of the economy.
You really are a bunch of Muppet's aren't you? If you weren't you'd have cut taxes by now on all of us.
Later
Bit of an edit in response to MW in the comments.
Sorry, yes!

I know that business rates is the 'least bad tax'. The point I am making is that all tax is bad and its take should be minimised if we want a successful and wealthy society.
At the moment the lefties have been able to sustain the argument that tax is a Good Thing. By cutting business rates, VAT etc what they are now tacitly admitting is that tax is a Bad Thing. Of course they still couch these 'cuts' in terms of 'benefits', as if it was their money in the first place!
If you are going to want a proper economy you will need to raise some tax, for defence, law and order etc etc. But you could do that without taxing the beejesus out of wealth creation. Maybe LVT is the answer - I am not tax expert enough to know - but what I do know is that excess overhead and bureaucracies kill wealth creating businesses. Bloated states and their bureaucracies are paid for by imprests on wealth creation. This has to stop.

2 comments:

Mark Wadsworth said...

Sorry, nope.

Business Rates are not a tax on 'business', they are a tax on 'owning business premises' which is something quite different, and of all the shit taxes they could cut to 'help us through the recession' (like VAT or Employer's NIC) they cut the least bad tax we have.

Boombastic said...

As with everything in this, the devil is in the detail. He hasn't scrapped the increase, he will just be allowing businesses to defer a portion of the whole increase. Sound familiar? Why pay today what you can burden yourself with in the future.

The difficulty with the 'scrapping' of the increase is that council's have to collect these rates, so they bear the cost of changing their systems and tracking who is and isn't deferring payment. On top of that, council's, not government have an obligation to consult businesses which means they have to fork out for another set of letters having already consulted on the original increase announced. Who bears all this cost? Not the Treasury, the local council taxpayer.

If you think that is a joke, you should see what they shafted council's with ovr council housing rents! A good council guy who speaks his mind is at www.leaderlistens.com