Justin Welby really should stick to talking to his imaginary friend. Yes, really.
Wealthy families should pay more tax to help the poor, the Archbishop of Canterbury declares today.
In a major intervention sure to spark controversy, Justin Welby says he wants to rake in an extra £9billion a year with a shake-up of inheritance tax.
This is known as stealing. Inheritance tax was born out of spite and envy and should have been abolished long ago. Not least, given that it involved double taxation. The money inherited is already tax paid. That people want to pass on their tax paid wealth to their nearest and dearest should not be subjected to further tax grabs by the state. It is deeply immoral. And I thought that being an archbish and all that, Welby would be aware of things like morality. Seems that when it comes to boilerplate leftist bullshit, he’s not averse to a little flexibility on that front. Oh, it gets worse.
Multinationals who dodge their dues would also be hit. Proceeds would fund a higher minimum wage and pay for £10,000 handouts to help the young buy homes.
Clearly spending all that time indulging in his delusions, he has missed the little matter of tax incidence.
A £13billion-a-year corporation tax hike
This idiot doesn’t seem aware that there is no such thing as a corporation. Corporations don’t pay tax, people do. And those people are the ordinary hard working people who are already funding the over-bloated state apparatus. Starbucks doesn’t exist – the barista on minimum wage does and guess who will pay that corporation tax one way or another? Oh, yeah…
The creation of a £186billion ‘Citizens Wealth Fund’ by 2030.
And who will pay for this? Oh, yes, see above. You and I. The people who are already being squeezed until the pips squeak.
The report, drawn up by the Left-leaning Institute for Public Policy Research, calls for inheritance tax to be scrapped and replaced by a gifts tax.
Oh, well, half right. Yes IHT should be scrapped in its entirety as the repugnant spite-filled and hateful theft that it is.
The report points out that many families avoid death duties by exploiting a rule that allows gifts to become tax-free after seven years.
There’s a reason that they do that – to stop the greedy, avaricious, spendthrift, grabbing arseholes of the state from stealing money that has already been taxed.
The Archbishop is also demanding a ‘backstop tax’ to make multinationals such as Starbucks and Amazon pay more tax on their profits.
Repeat after me “tax incidence, tax incidence” and keep doing it until you get the message. Starbucks and Amazon do not pay tax. Their owners, shareholders, employees and customers do. In other words, the people who are already paying far too much tax. Idiot!
In his article for the Mail, the Most Rev Welby writes: ‘We cannot continue with an economy that works so badly for so many. Chronically low pay means a hard day’s work no longer keeps people out of poverty: today, a majority of the poor are working families.’
And your solution is to hit them with even more tax, because that is the reality here.
I suggest that Welby sticks to talking to the voices in the sky and leave Ceasar’s domain to Caesar.
replaced by a gifts tax
Lets tax Christmas and Birthdays!
Are you trying to give them ideas?
They’ve already had the ideas – I’m just pointing them out for those that missed the bits between the lines 😉
The very fact of what Welby’s position is indicates that he is not on intimate terms with reality.
True.
Must be a simple problem to fix poverty because the answer always seems to be ‘more tax’. /sarc
And it still hasn’t worked.
After centuries of trying…. You’d think someone would have got the hint by now.
Nah, something as dense as an event horizon will never get it.
I’m surprised the ArchBish, being the Head honcho (after her Maj of course) of the Anglican Church , who must have at least, opened a bible at some point during his BA in Theology should be unaware not only of Christ’s words on the subject of tax but on the poor, namely “always gonna be there”.
Ask the steaming hypocrite how much tax his effing church pays.
Two can play that game. Tax the Church every time Welby opens his gob. Lead by example and all that.
I used to be a regular CoE church goer. Stopped mid 1990s when new minister abandoned tradition on Remembrance Sunday – I walked out at 1105.
Always remember what head of prep school told us: you can pray anywhere, not only in church.
UK needs less, not more, tax and Gov’t/state.
Perhaps it’s time (to quote Python) to begin taxing “thingy”…
Another reason to oppose Inheritance Tax is because when you have a tax on large inheritances, you also have ways of dodging that tax. These amount to trust funds of various sorts, all of which require the intervention of lots of clever tax accountants and lawyers.
Now, if you’ve got the tax-dodge boffins in for one thing, it makes sense to get them to look round all of your affairs to make everything tax-efficient. So just by the existence of a tax that needs dodging you promote the avoidance of further tax.
Then we have the problem of how to avoid Inheritance Tax. Generally this is done by trusts, which amount in spirit to a sort of magical super-cow that only certain people are allowed to milk. Members of the noble family come and go, but the cow is immortal and acts to protect its own existence. In times before Inheritance Tax, great estates could crumble under the influence of idiot wastrels, which gave newer and smarter people the chance to ascend the ladder of society. A world without Inheritance Tax is actually more mobile, not less.
“Starbucks and Amazon do not pay tax.”
Amazon in general and Starbucks in the UK in particular do not make profits. No tax payable. 🙂
That too. But that wasn’t the point I was making. Rather, that they cannot pay tax because they are not people. People pay tax.