posted on Feb, 11 2012 @ 04:49 PM
reply to post by Droidinvoid
The tax and benefits systems have both grown arms and legs since WWII with the net result that the "professional unemployed" and "rich tax
evaders" screw the system. Your average person is caught between two systems which work against each other.
Needless to say with two systems conflicting it provides volumes of cannon fodder for whatever political point you wish to make (left, centre or
right).
The solution is :
1. Scrap all benefits and tax exemptions.
2. Tighten up the ID system so we can clearly identify UK citizens. (NB illegal immigrants will NEVER be an issue after this so we don't need to get
upset about them!)
3. Tax ALL GROSS INCOME at around 40-45%.
4. Apply a post tax "state allowance" of around £5000 for EVERY SINGLE CITIZEN from birth to death. This becomes the unemployment benefit, state
pension etc etc. It would be graduated from birth to 18 so that at birth it equals the current child benefit.
5. Apply an optional additional state allowance top up equal to a maximum of 1/100th of NET RPI ADJUSTED tax paid.
Apply a similar tax system to companies however I have not studied the tax receipts of companies to work out the median levels as I have for personal
taxation and benefits. However:
7, Corporate tax is based on gross margin (eliminates tax avoidance)
8. An additional rate of tax proportional to the difference between the highest and lowest earners. (this will promote fair wages)
Such a system absolutely guarantees that no matter how little you work you will always be better off.
Such a system absolutely guarantees that people who work will ALWAYS be better off, even when retired.