Look everyone its an interesting debate.
The fact of the matter is that my income is not in anyway guaranteed from one year to the next as I am self employed. There are good years and sometimes very bad years and with that comes all the risk of funding a business etc. In the bad years I still pay my staff whether I earn any profit or not.
In the good years I save significant chunks to fund over the bad years so that neither I nor my family would become a burden on the state should the worst happen. I prefer to make that provison for myself rather than being taxed out of it into a big black hole that this government is creating.
What the chancellor is trying to do is put money back into the economy . Taking it from wealthy individuals as tax will not do that. The reality is that I will not have a major crisis over it but I might only have 2 hols next year rather than 3 !
The people who will really lose out will be the middle earners.........30 to 70k a year. Just into the 405 tax bracket and I know as we were there for years when we had a very young family. We didnt qualify for any help with childcare costs at all or anything else for that matter and we were broke.
The bottom line is this is just the start. The wealthy entrpreneurs will leave ( and the lawyers like me who will just go and work remotely from Spain / France etc ) and it will be the middle earners who pick up the tab.
Please listen to all the arguements on this thread. Many of mine have been tongue in cheek. In RL you would be suprised if you met me. I am quite an unassuming generous person . Im often found sneeking out to the toilet at the right time in a resturant with friends to settle the bill before anyone finds me out because I do realise how lucky I am .
The moral is however dont vote Labour again..........we are in enough of a mess as it is !