WTF Britain?

[Vessol]

LONDON, April 22 -- The British government, vowing to spend its way out of the deepening economic crisis, unveiled a budget Wednesday that will increase government borrowing to a record $255 billion this year and impose a 50 percent tax rate on Britain's highest earners.

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

What the $#@! kind of fair tax is that?

[Zolah]

Fabian socialists run the country.
According to Daniel Hannan's commentary on the tax rises, they're likely to cause top earners to spend more effort avoiding paying some taxes that they wouldn't ordinarily, so despite the tax rise, the government could end up receiving less money than they would otherwise without the rise And rising taxes on top earners generally drives successful people away from Britain, so it'll just be us proles and the failed politicians left on the island

http://www.telegraph.co.uk/finance/f...09-Budget.html

According to projections in the Budget, public sector net debt, the accumulated stock of outstanding Government borrowing, will reach £1,370 billion in 2013/14.

When Labour took office in 1997, debt was £350 billion.

In November, Mr Darling said borrowing would peak at £118 billion during this financial year, falling to £105 billion next year.

^ can't find the words to describe how retarded that is.

[silverhawks]

^ can't find the words to describe how retarded that is.

I believe Sir Winston can.

“For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”

[eOs]

Worth watching

YouTube - True News 9: Screw the National Debt - You Are Not the Nation!

[Bman]

Well so long Britian. Hello The Socialist Isles.

[idiom]

They are planning to pay off their debt. After it is paid off the tax will go back down.

Imagine that. What a concept. Paying your freaking debts off.

Stupid Poms, don't they know national debt never needs to be repaid?

[Zolah]

They are planning to pay off their debt. After it is paid off the tax will go back down.

Imagine that. What a concept. Paying your freaking debts off.

Stupid Poms, don't they know national debt never needs to be repaid?

Even if the government set aside £120 billion each year specifically to pay off the public debt it would take something like 875 years to pay off - what they actually want is to continue increasing spending on infrastructure (despite the trillions of debt and the fact that we therefore can't afford it)

I believe Sir Winston can.
Quote:
“For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”

Touché.