Tim Worstall

It is all obvious or trivial except…

 

 

Erm, Polly?

May 9th, 2009 · No Comments

Meanwhile, in Labour’s decade, billionaires’ wealth quadrupled and three out of five of them paid no income tax.

Well, leave aside the fact that income tax is paid upon income and not increases in wealth, I still don’t believe that figure.

Whatever you say about the ways in which you can dodge taxes, it really isn’t that porous a system that you can get away with paying no income tax at all if you have a decent income. Not if you live in the UK that is. Even non doms pay some income tax.

The rest of her argument seems to be that MP’s are theiving bastards because the country is unequal.

Eh?

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