Thursday, April 8, 2010

Knock on effect

In their desperate scramble to rob us blind by more taxation the government usually opt for various easy marks such as alcohol, tobacco and fuel. The rest is usually just a moving the deck chairs around on the Titanic exercise as what appears to be a lowering on tax is matched by raising it elsewhere.
One of the biggest problems is of course the knock on effect, particularly with fuel, it doesn't just hit us in the pocket at the petrol station as a lot of people think, it also pushes up food and goods prices as it costs more to transport them, add into this a pound weak against the dollar (oil is bought with dollars, this is a major future problem for the USA if OPEC change currencies) and all of a sudden the reason the price of fuel keeps going up is revealed. For all the price of a barrel of oil has gone down since the gulf wars, the exchange rate hasn't been particularly kind to the UK, nor has the economic idiocy of Labour who have blown the overspend on wasted public spending and have left us with a generation of debt to pay back, assuming we can.
Part of the problem as well is all the main political parties play this game too, so reform is unlikely and regaining control of the public purse is as unlikely under the Tories as it ever was with Labour. Yet reform of public finance is exactly what is needed to get us out of this mess. We cannot keep going on printing money to pay our way, we need to massively trim back on public spending, we need to encourage private initiatives and businesses to expand and create the wealth to pay off our debts.

What we wont do is any of that by keep raising taxation, we wont do it by raising NI, nor will we do it by keeping NI the same.
The Tories and Labour are just fighting over the scraps on the table, none of their plans will repair the economy because they are fixated with transferring our money to their pockets to pay the debts (or in the case of Labour keep their client state happy) What really needs to happen is that we leave the EU, use the money we pay them to waste on themselves to cut fuel duties and business taxes and start trading with the world. Invest in our few remaining world class businesses, encourage the city to make money (and pay taxes on it) Make it economic for employers to employ people (scrap the minimum wage) and get our country balanced again where the private (profit making) industries dominate rather than the public ones who simply leach our wealth away.

Perhaps I'm whistling in the wind, there may be good reasons why we can't. But the old system is broken and we and our children face crippling debts because of Labours financial mismanagement unless we can kick start the wealth producing areas of our economy and we can't do that under the EU or the current system

4 annotations:

Antisthenes said...

Perhaps I'm whistling in the wind, there may be good reasons why we can't.

I can not think of any except putting a lot of government non jobbers on the dole. A thriving private sector will soak them up eventually and besides why should the whole country suffer for a few fat cat civil servants.

James Higham said...

Whistling in the wind is infinitely preferable to pissing into the wind.

tris said...

Well, it's drier James.... :¬)

I'd reduce all benefits to teen single parents by 20% (as long as it wasn't widows). That would get these lazy tarts that have half a dozen babies by half a dozen different blokes thinking hard about where their next drink was coming from.

If women stayed at home instead of going out to work like they did in the old days things would be better too. Well, they were in teh old days. Then kids would come home to a meal instead of hanging around the shops. And maybe the ir mother would ahve time to play with them instead of sticking them infront of the idiot box.

Bring back Norman Tebbit and Mrs Thatcher. They had a few good ideas. Well, obviously the previous idea would mean that Thatcher would ahve to stay home and look after her kids. God knows they turned out a mess becasue she was always off somewhere bossing people about.

John M Ward said...

That's a bit of a mixed message there, tris! :-)

My mother had to go to work when I was young, especially after my father left; but we two young 'uns had keys and would go home rather than "hanging around the shops".

I don't understand this apparent need to be out so much of the time, especially nowadays when so much more entertainment is available within the home than we had back in the 'sixties when I was a teenager (yes, I was once).