Capita Share Price (CPI)

Or another way to look at this is the Latier curve. Once you go over the peak the more you increase tax the least you get.

Since we are at the highest tax rate for 70 years we are either at the top of the curve or falling down the too high tax side. I like a number of people I know retired early due to not being worth working because of tax and it has gone up a lot more since then.

This is a big problem for Labour as more and higher taxes less tax income but what do Labour stand for if it is not more spending and more tax take is out of the question so left with more borrowing but the the counties credit card has been maxed out. Then what is left is property and or wealth tax grab, then see the great exodus to be replaced by unskilled workers with no money to their name (bit like now but much worse).

As has been said after about 2 years of Labour the country will turn on them like they have the conservatives.

For the record we have at least 10 trillion of debt if you count the off balance sheet items, I once asked an economics professor about this as I thought this must be wrong, the answer was that it was probably more.

Here is an idea, instead of maximising the tax how about we maximise the average income, to do this we need to drop taxes off from the top of the curve, just a thought.

By the way it was not covid that caused the problem, it was the lockdowns done by the Conservatives with Labour shouting we should lock down sooner for longer. Great strategy, they knew the Conservatives would be in deep trouble trying to pay for this however this will soon be their problem.

Kularatnam - Ah yes, that age old classic trickle down economics whereby the gold of the super rich falls like sacred long overdue rains upon the parched & unwashed skin of those 'beneath' them...

Things Can Only Get Better.

Something to laugh at ( some of you all may have already heard it )

"Our Tax System explanied

It goes like this:

10 men go out for a beer once a month.

The bill comes to £100.

They decide to split the bill in a similar way to tax bill.

First four men (poorest) pay 0

Fifth pays £1

Sixth pays £3

Seventh pays £7

Eight pays £12

Ninth pays £18

Tenth (richest) pays £59

The men are happy.

The pub owner decides to drop the price, their bill now comes to £80. What do they do to split the £20

fairly?

The publican suggests:

First four men (poorest) pay 0

Fifth goes from £1 to 0

Sixth goes from £3 to £2

Seventh goes from £7 to £5

Eight goes from £12 to £9

Ninth goes from £18 to 14

Tenth (richest) goes from £59 to £49

But the men aren’t happy….

The sixth man points out that he only saved £1 out of the £20 but the tenth man got £10. The seventh

man agrees, asking why he only got £2 when tenth man got £10. The first four men were also

indignant saying “we didn’t get anything at all….the new system exploits the poor!”

So the nine men surrounded the tenth man and beat him up. The next month the tenth man doesn’t

show.

When it comes to paying the bill they found they didn’t have enough money between them to even

pay for half the bill.

And that, the article concludes, is how our tax system works. The few who pay the highest taxes do

tend to benefit from tax reliefs and reductions. Attack them for being rich and the risk is they may take

their wealth elsewhere.

For those who understand, no explanation is needed. For those who do not understand, no

explanation is possible.

About Us

Weird trend about taxes here. Highest taxes in years are here mainly because we have to repay a massive debt due to borrowing in COVID for furlough and all the other measures. Neither party would have faired well in the last parliament with Covid and a war on Ukraine. These things are beyond any party but I think there were major mistakes in the last parliament and the PR of these was really bad. It just looks old the country is going to change for change sake and it does not matter what people think. It will happen I believe.

Labour will, if history repeats itself, tax more the higher earners under the guise of redistribution and spend more on public services.

That latter will benefit CPI in my view so I do not think it will be bad for CPI. Whether it will be bad for the country I think we can save for other message boards ….

4urelius - That's another one for your MP candidate to answer there... they'll be the ones with the parliamentary vote on the next budget after all. Sadly I don't have that power but... the high taxes are attributable to the Tory failure on delivering any meaningful economic growth. There's little growth because the largest piles of cash are sat in the bank accounts of less than 1% of the population, wealth redistribution should be a Labour priority.