Tax Avoidance & A "Fair Share"

by
Michael Bond
Founder, Sterling-Bond Escrow Services & Rumbler Cars

Twitter:  @mbprosperity

"All the social, economic and environmental problems facing the world today can be solved,
the problem is that the solutions are not politically-correct."

Michael Bond

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Article: 16th, June, 2013

illustration - Economic Stimulus By Tax Avoidance

A challenge to the campaigns by politicians that wealthy people and business must be forced to pay their "fair" share of tax.

An incompetant politician, creating and administering mountainous national debts, points to a large group of people and declares "it's their fault".


 

A Fair Share, Really?

For the last year or so every politician appears to have echoed a single thought - that wealthy people and companies are not paying their "fair share" of tax.

Really?

What's fair? Who defines what is "fair" about tax, and what gives politicians the right to victimise one section of our society as if they were criminals?

When politicians in Britain talk about a "fair share" of tax they point an accusing finger at a minority of wealthy who have successfully and legitimately avoided tax, to unite the rest of us, the "fair" people, in a common cause against them. This also serves to throw up a distracting fog of confusion over the underlying issue - the deeply rooted economic failings of the management and mismanagement of the country over the last century.

There's nothing new about this tactic. All politicians over the centuries have used the same trickery to distract, confuse and sway a mindless mob - we often call it discrimination and frown on it, unless you deserve it, in which case you must be made to suffer. So goes our hypocrisy of silence.

Is it "fair" to pick on one minority and hint that they rather than decades of political incompetence, can be blamed for our current economic crisis, that they alone should be forced, compelled, harassed to save the rest of us from ruin?

Here though is the most important question - who decides what's "fair"?

The claim often made in our democracy by some factions of politicians is that the rich "can afford to pay" more tax so it's accepted. After decades of this mantra being repeated to us without question we're supposed to accept it as an absolute truth. Really?

If we all accept this proposition it implies a form of means testing for tax. That some objective independent authority not just wealth-hating left-wing prejudiced politicians, has determined that the rich "can afford" more tax, so that's all right then, isn't it?

Fair? Really?

To me, if we truly live in a democratic society of equals, an equitable society, everyone ought to be treated the same. You either means-test everyone to assess how much they "can afford to pay" and tax accordingly, or levy the same rate on everyone, with exceptions in a just society for the young, the old, the infirm, those in the worst social circumstances.

That doesn't mean a scale of taxes, mean-testing literally means measuring everyone according to what they "can afford" to give up for the good of the incompetents in parliament.  Or one tax rate for all.

It is "fair" to victimise a minority just because they're rich, that they're not paying their "fair share" and should suffer the consequences?

The Nazis said something similar about the Jews.

END.


 

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Background

The writer is a former finance specialist.

For the last few years he has focussed his attention on the development of an alternative economic strategy for the UK and world economy through the stimulus of new technology innovation, design and the arts.

In his estimation the true unappreciated economic potential of the UK is enough to solve all UK economic, social and environmental problems without additional increases in taxation or regulation.  This is the basis of the Commonwealth Prosperity Plan, a "Plan B" for Britain.

 


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[Key words, etc:  These pages are subject to frequent changes.  Subject matter relates to the economic strategies of the British government, with regard to the banking financial crisis, the ongoing austere recession and factors to revive the economy through such measures as quantitative easing, tax cuts, reduction in planning permissions and much more.  Benefits of the Prosperity Include large-scale employment solution to the national housing crisis, protection of the green belts and countryside against urbanisation.]

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