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Eagle

Council Tax Frozen again

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Obs you're conflating wealth with money. Not the same things. You're correct in saying that more people with more money to spend creates employment etc. but the idea that the same money needs to be recirculated to create wealth for all is illiterate nonsense. The poor today cannot be compared with the poor of 50, 100, 150 years ago. Even the members of society who have decided not to bother contributing are wealthier than ever.

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Baz, there's no comparison between the local businessman and the multi-billionaire; other than one thinks he's doing better than everyone else, and one knows he is ! So I don't see "business owners" as part of the 10%, far from it; and in all probability, they are the folk who actually pay their taxes. That money "being borrowed" btw, could be the meagre nest eggs of less ambitious folk, being re-distributed by the banks; as they say - it's made round to go round.  Asp; it's patently obvious that until perhaps today, each generation in history has been "better off" than the one before; due to technical advancement.  That doesn't mean that the disparity in available wealth has been narrowed; it's now getting wider than it has been since the 60s and 70s (possibly it's narrowest point). As for the asset issue; I'm not confusing the two at all; one needs cash to buy assets in the first place and receives cash when they are sold;  so they provide an ideal target for taxation as they can't be moved off shore. This topic is based on a tax on assets - IE local rates.

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