Tuesday, 2 April 2013

The economic question of benefits & tax cuts

I'm probably not the most attuned to all the intricate details of economics in this country but I am willing to put my views on this topic into the public forum. I myself receive no benefits but I am a low income earner & less tax on me would mean I would have more disposable income with which I could spend, I would be able to afford to use public transport to go to my main job instead of walking four & a half miles to work on a route that becomes treacherous in bad weather or afford more uniform instead of waiting for it to go into holes before I replace it. I know many people who rely on their benefits to scrape by as single parents, disabled or have difficulties with their skill sets to get jobs. Many who work part time need the tax credits they get so they don't have be on full benefits & not working but can't work full time because of the needs of their children. Their are some people who I now who never be able to work again through disability & it seems to be us who are having to feel the brunt of things, if you are middle class or downwards we are being punished for those in power who frittered away the money in coffers, but rather than the money coming out of their pockets it comes out of ours. The banks were nigh on unregulated & those with the gambling power took great advantage of that, many of them still get their bonuses with their million odd pound a year wages which are now enjoying a tax cut so they can squander even more of their money. The rich are getting richer the poor are getting poorer. There is a theory that would spend more, in uncertain times even the rich will be holding on to their money so it really doesn't work out, plus are the government really expecting that the extra spending the richest 10% would do with a tax cut would out way the money that poorer in the society now can't spend even though their is a far greater percentage of people living below the poverty line of course it won't. Though I don't agree with living of the state all your life without contributing to it, you do need to support those who need a bit of extra help on the lower end of the monetary scale who are working their damned hardest to keep their necks above water. I dare say if this keeps up their will be another peasant's revolt type incident happening only this time it won't be royalty in the line of fire & we do have rights now grrrrr

1 comment:

  1. The main problem is that this government do not understand the value of money, they have never wanted for anything in their lives and don't understand how anyone else can't 'work a few extra hours' to earn a decent living.