We all know that the politicians are going to put up taxes after the election. Doesn’t matter what party you vote for: it is going to happen. The only question you have to ask is: which tax increase would you prefer?
The Labour Government has already announced that they will increase National Insurance contributions for both employers and employees. That means if you are a small business you will be hit twice. The Tories will cut jobs in the public sector by privatising everything, but also put up VAT, of that there is no doubt. They use the usual weasel words of it “not being in their current plans”, but we all know that once in power, VAT will go up to at least 19%.
So Labour will be taxing jobs and Tories will be taxing spending, so what of the Green Party? Well, the Green Party will be taxing bankers. Not just on their excess earnings, but also a Tobin or “Robin Hood” tax on the 97% of financial transactions which are not necessary to buy goods and services. All those swaps, options and other casino banking transactions that got us into this mess in the first place, will have a tiny percentage added to bring billions into the treasury.
So, the choice is yours. Increase NI under Labour? Cut jobs and increase VAT under the Tories or give the Green Party the power to tax the bankers? I know what I would choose, but then I am already going to be voting for the Green Party. How about you?