See the whole tax credit system is nothing more than a massive political tool for Labour.
The theory goes like this. First, take money from people through taxes, then make them jump through hoops to get some of it back. Oh and not forgetting employ a small army of people to administer it.
The more people getting benefits, the less likely they are to vote for someone who may take it away. It's like a drug. How many addicts will willingly get rid of their supplier?
How did we all survive before tax credits??? Did we all starve? Nope!
Surely a much much simpler way would be to reduce the tax people pay rather than make them apply to get some back?
Of course the lower end where people earn minimum wage could be financially worse off but they can be bumped up via normal benefits or even raising the minimum wage. Just think how much money we can save though if the vast majority of people who claim tax credits instead just got taxed less?
Oh and as for your landlord, as a part time one myself, I can tell you that chances are he's not raking it in at all. I get calls all the time and have to fix x,y,z. During voids, I still have to pay the mortgage, council tax etc. And that's not to mention when a tenant leaves and trashes the place. Some months I spend more out than I get in rent.
Lastly, pure capitalism is also just as extreme as communism etc. That's why govt's have laws on monopoly power, minimum wages etc. Now soon we'll have more regulations on banks.
In my view, communism, mutualism, socialism are all great ideas in theory. However, none take into account human failings such as greed. We all have them and until we can eradicate them, none of the above will work. Capitalism is just the best of a bad bunch.
This thread is very interesting to me. It seems the govt can brink us to the brink of financial disaster, ruin our standing in the world, have a huge expense scandal, have no real policies yet people still will vote for them based upon what they think the party represents.
I guess thats why the Tories are busy spinning themselves as the "family" party instead of the party of the rich. Labour have themselves as the party of the poor. Probably explains why the lib dems will never get in power! No-one knows what they stand for!