Tax the rich....

Tax the rich they cry. Idiots!

I am NOT rich, not even in the hinterland of comfortable. I worry about the bills that come in every month and I pray every time I start the car that it will work and I won't get a flat tire and nothing runs into me. But I do not want the rich fleeced.

I want them to spend. I want conspicuous consumption of quality, expensive, hand made products from right here in Britain. I want more people who are rich and busily demonstrating the fact to their rich friends. Why? Well obviously I want them to buy art - but anything will do. Handmade means more people working to make these things, whatever they are. They can enjoy spending and we can enjoy earning. How much less painful than some grubby little tax collector taking your hard earned cash away - with a snotty reminder not to be so successful. What would you do in their shoes? Exactly what I would do - find ways of not paying tax and leave the country. So then we all have to pay more.

Vince Cable's latest inanity proves the point - even more tax on something you have bought and maintained from already punitively taxed income. Nihilistic. If people, wealthy or not, have money left in their pockets they will tend to spend it - the government can then take its cut from the economic activity. Simply taking more and more of our money before we can use it to live is just asking for every corner of the economy to fail. When we are all on benefits who pays the taxes to pay the benefit? Cable even proposed that people should use equity release schemes to pay tax... how about the Government spending a lot less of our money and a lot more wisely?