Saturday 12 May 2012

Why is it so complicated…


Let me first start by saying that I don’t believe in much of what is out there, socialism, conservatism, fascism, communism in fact to quote Ferris Buller  “nothing that ends with an ism’”.

What I believe in is freedom, freedom for all – but with boundaries, not anarchy that would be silly.

In the most part adults should be free to do anything they want to do, as long as they don’t hurt other people and all parties are willing consenting adults themselves.

As children, we look up to our elders and as we grow into young people in some ways long to be 18 and classed as an adult because of the freedoms it will bring.  Wrong!  A child has much more freedom than an adult we just don’t see it when we are young and free of the responsibilities that tie us down and therefore curtail our freedom.

So, on to my main point, all of this freedom has to be paid for.  We all have to agree that we need infrastructure and people to sort out the mundane things in life.

So we pay taxes – and this is where it gets sticky and complicated.

There has been much talk (endless talk) about the 10% tax threshold and the 50% tax for the rich and more and more baloney on this subject.

I can see, for instance; why the rich try to get out of paying tax, some living out of the country for extended periods for this reason.  I’m sure if I had earned lots of money and the government said I had to pay them half I would be moaning and looking for ways around the problem.

I have never understood why the rich should pay (by way of a higher percentage) more anyway; surly that’s the reason for it being a percentage anyway 10% of 1000 is more than 10% of 100.  Well, I think that’s the way it works?  A percentage of your earnings should go to help run the country - it makes perfect sense.  We all want the country to work correctly; we want hospitals and law, education etc.

Anyway under the current system the rich can afford accountants and lawyers to help them avoid paying taxes which they should pay to help support the country.

I can only assume that the system is too complicated.  Why give rebates for over-payment of tax?  Why not just ask for the correct amount in the first place?

Am I being to literal or simple?

Why don’t we just scrap the current system and do it simply.  First, stop national insurance – it just complicates things.  Then find a percentage that will work, for arguments sake lets say 20%.  Set a lower limit, say £10,000.  Then everybody who makes money in this country in excess of that pays 20% tax, no rebates, no exceptions, no loopholes. So, if you earn £20,000 per year you would pay £2,000 tax, if you earn £110,000 per year you would pay £20,000 simple!

Apart from all the unemployed tax avoidance accountants and lawyers what is the problem with a system like this.  I know that I don’t have all the answers but why is it so damn complicated?

Please feel free to debate the issue; I would be most interested to see if someone can justify the current system…….

Peace, love and freedom.

Thom

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