The Tory Party: defending the rich and attacking the poor since 1678.
Just so you can maybe understand how the economy works. The rich pay more tax AND have MORE OPTIONS than the poor. If you attack the rich, they have the option to go and make more elsewhere, they leave, and in doing so take a disproportionate amount of tax with them. With no one to replace them the poor are FAR FAR worse off. Because the rich pay for the majority of the tax in this country, harming them harms the poor MORE THAN protecting the rich.
Protect the rich by offering them a 1% cut in tax, and say thats on someone who makes 1million a year and used to pay £500k in tax, which is what, 60times the average? With a tax cut for them, of 1%, they'd be paying, £495k tax a year, so 59 times the national average.
Scare that rich person off with a 1% tax increase, and lose the entire 500k in tax when they leave the country.
Now honestly which sounds better to you, 60 peoples tax contributions completely evapourating, or losing 1 persons tax contribution?
The situation only gets worse the more the rich people make.
Protecting the RICH PROTECTS THE DAMN POOR, and the quicker Labour loving people recognise that without the rich paying a ludicrous level more tax than the poor, this entire country would fail, within days.
Other countries around the world fight to KEEP jobs and industry by offering tax breaks and incentives, because a tiny tax cut, to keep 98% of their tax income, is far better than losing the entire 100%.
Protect the rich and the poor are better off, a tax on the rich is a ten fold tax on the poor long term.
If that original person who was paying 60 peoples tax contribution left, then 60 POOR people would need to pay DOUBLE their level of tax to make up the shortfall. So one rich person leaves because of a stupid tax hike, and 60 poor people make up the difference.
How people don't know this and think attacking the rich is a great idea, is beyond me.