Thursday, 8 April 2010

Liberal Conditions

In a speech about the Tories’ potential post-election budget, Nick Clegg appears to have caught the Labour of disease of talking in "could" and "would" language. (For those who don’t know, Nick Clegg is the leader of the Liberal Democrats, a political party with as much chance of governing as my goldfish).

Clegg argues that the Conservatives would need to increase VAT to 20.5%, at a cost of £389 per family per year, to pay for other tax breaks that may (or may not) be introduced. Where the numbers are dreamed up is anybody’s guess, probably from financial genius and former paper-clip counter, Vince Cable.

Actually, increasing VAT is a good idea as it spreads the cost of taxation across all citizens, including those who don't or won’t work. It is also a tax you can choose not to pay, either by abstinence or by purchasing from a country with lower sales tax.

Nice shooting Nick, you got your foot first time.

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