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Increase income rather than further cuts

Submitted on Monday 12th December 2011

Published on Tuesday 13th December 2011

Current status: Closed

Closed: Thursday 13th December 2012

Signatures: 2

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Increase income rather than further cuts

Additional Information

For over 40 years tax has been reduced resulting in increased borrowing and reduced services, this trend must be reversed, the bottom end can not stand an increase at this time but higher earners can and must. Higher rate tax needs to be increased to 75%, still substatially lower than 40 years ago! If there is real concern of threats of entrepreneurs leaving then all G20 should be encouraged to do the same, this would help reduce world government borrowing and thus ease present financial crisis. Also if there is concern about bottom end higher rate tax payers then the starting point could be increased slightly, say an additional £10,000.

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