also sales tax in the UK has reverted to 17.5% this is what happens when you ahve universal healthcare and unlimited jobless benefits, you have to tax the whole population into utter poverty
We have to pay the Federal Reserve back with interest all the money they created out of thin air. The biggest drag on every nation a central bank. Central banks love Obama he spends like no tomorrow. And to the central bank it's all profit. They print, the goverment borrows, what a racket.
and don't forget the screwing of the savers with interest rates at zero.... the UK, a place for those in debts or living on benefits
Really??? I bet the engineers, mechanics and manufacturers that design, maintain and build the jets, mercedes, etc don't believe that it's foolish for rich people to spend money on high end items. I would imagine that the contractor that builds the mansions or the small business pool guy, that puts in pools for wealthy people doesn't believe this. What incentive is there for someone that is talented to work hard, innovate and provide services/products that people want, if you can't get ahead because you're taxed into oblivion?
The poor people will have less food. Who the hell do you think builds houses, pools, and Mercedes? They now won't have a job, fool.
Do you guys remember the idiotic "luxury tax" they passed in 1991 (I think that was the year). Some Dumbocrat from Maine sponsored it and it levied a tax on yachts, fur coats, and other luxury items. Turns out that if you make something more expensive, demand goes down? Who knew (except anyone who sat through day one of econ 101 - which excludes most politicians immediately)? The rich were not bothered - they just bought fewer yachts. The Maine ship building industry, on the other hand, was immediately decimated. All the average Joes employed by that industry lost their jobs and the same Dumbocrat who sponsored the tax was on capitol hill begging to kill the tax. It was killed, but Maine ship building never recovered. Government working to fuck up your life.
there comes a level of taxation where velocity of money gets badly affected, and the economy becomes a ghost boat with an administration deciding how ressources are allocated. That's socialism and, unfortunately, that's where we're going. It is very difficult to resist this rampant and insiduous socialism being imposed upon us, but I'm sure we'll find a way to fight back... over my dead body, after the last drop of blood, I will never surrender