Tax The Rich To Help The Middle Class
Government Minister Ivan Lewis believes that Britain should tax the wealthy more, and spend that money to “help hard-pressed middle-class families” who are suffering in the credit crunch.
It is strange to hear a Labour minister talking about taxing the rich and using the money to help the middle classes rather than wasting it on more bureaucracy or on “the poor” - defined primarily by whether or not they are dependent on the State.
Unfortunately, Ivan Lewis’ reasons for wanting to help the middle classes is transparent - because he wants their votes in the next general election.
Besides, taxing the rich - especially if the [relatively speaking] small sum of £250,000 is considered the amount for this “supertax” to be applied from - won’t help the economy recover from its current malaise. Rather, it will slow down economic recovery.
If Ivan Lewis is serious about helping out those in economic trouble, he would do far better to advocate a tax cut for everyone - or at least those who he claims to want to help - than a tax increase for anyone. But Labour’s legacy since 1997 has been of tax increases for everyone. Even for the poorest and most vulnerable in society with the abolition of the 10p tax rate.
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Labour simply cannot afford to erode their middle class support base anymore than they already have. Much as the core Labour vote will love it, this kind of move will cost them the election.
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