Monday, 19 September 2011
Lib Dems mistake class war for policy
However, this year again there is a change, as the Liberal Democrats are part of the Government and whilst they clearly ave no mandate to lead they do have a mandate to block.
Which of course suits them best as a protest party. Of course, some of them are not very keen on being in Government as this betrays their true ideology (which is itself a solid entity composed of random fads and policies from both right and left, topped with some populism for extra sauce).
This weekend the protest has been on attacking the Tories for the idea of lowering the top rate of tax below 62% (I am not writing 50% as that is a pure sleight of hand by the Government). In these hard times, how dare the rich get a tax cut etc etc. Now as it happens the Lib Dems would prefer to increase the 'tax free' element of income to £10,000. This is a real tax cut for the poor and middle income and has no benefit for high earners on more than £100,000 as the free element is already phased out. In fact, 2000, tax collectors have been hired to target the rich - given that most tax is evaded by super wealthy (as opposed to PAYE slaves), their expenses for trips to Geneva will add considerably to the national debt.
The real issue with the above is it is a load of tinkering. Cutting top rate of tax will cost £2 billion, out of an annual deficit of over £100 billion. It is loose change. The real changes and struggles are being ignored as per usual for political posturing - so important to political parties after all.
However, better for reality not to intrude into a bit of class war, someone please tell me what the Liberal Democrat policies are for:
The Euro Crisis (they still want to JOIN the euro?!)
The inflation dilemma and quantitative easing
Turning around UK growth prospects
Coping with a double dip recession
All of the above are the critical points by which we should judge a Government today - yet all this is lost in meaningless drivel about mansion taxes and other flam.
(Not that taxes are fair in this country, but the focus on 'high earners' is a shown as a pure bit of posture when one looks at the current non-domicile rules that only apply if you are rich enough not to work, and then enable you to live tax free - in fact winning non-dom status would make a great TV game show prize....)