posted on Oct, 7 2017 @ 01:27 PM
I personally live on disability welfare, and I'm thankful for every penny - I'm totally unfit for work due to a neurological condition. However, if I
were working (I did once work very hard, 60 hour weeks were regular, a few 96 hour weeks in there too) - I would see anything above 40% as being
unreasonable, and 50% would be goddamn insulting.
I'm all for taxing the rich & helping those who cannot help themselves; however, if work is to 'pay', then why in God's name would it be considered
fair to give up half of my earnings to a government which may or may not have had a significant effect in assisting the growth of my business?
There's always an argument about the poor needing employment which 'pays', but if the government is taxing the employers at 50% then where is the
motivation to offer higher salaries to your entry level staff? It sets a negative precedent in my humble opinion.
Lower paid workers should be taxed 25% with middle rate earners paying perhaps 35% then the highest earners paying no more than 45%, probably 42.5%
would be ideal. I think if that were the case, it would be seen that work pays, and everyone pays what they can afford. If taxes are up at 50%, then
high earners are motivated to engage in financial shenanigans, hiding wealth & investing in cynical, non-community friendly ways. If the highest
personal tax rate was 42.5%, then those high earners would feel more secure, and thus would be more likely to have money to invest in new business,
and more likely to pay a fair wage to their employees. If the mindset at the top is cynical due to unfair levels of taxation, then that will filter
down to zero-hours contracts & wages which literally aren't sufficient to live in anything more than a garden shed.
The mindset needs to change. Until the governments realise that work must pay for the highest earners in addition to the lowest earners, then
cynicism will infect & distort the entrepreneurial spirit of a nation, and cost-cutting measures, lack of willingness to be generous, and often
severely, grossly unfair manipulations of insurance & pension funds, for example, will be that which arises from the festering pile of resentment. If
those at the top are scrambling to save a fair proportion of the monies arising from their labour, then they are conditioned to treat everyone as
undeserving, especially those most distant from them economically. They will see them as nothing more than a means to an end, that end being greed
derived from fear & insecurity.