First they came for — The Bankers
(With apologies to Martin Niemöller)
Not content with creating an environment is which banks and bankers did what any businessman would do – maximise profits and shareholder value – Brown then set about penalising those who had earned, yes EARNED what he presented as excessive commission payments by introducing punitive taxation and so disincentives the very people best placed to speed recovery of the banking sector.
Not only that but it puts the skids under UK based banks who are now in the process up upping sticks and moving to places where the best performing employees are NOT treated as pariahs and so yet another reason to bail out of the UK.
And believe me, they are.
But now the next bit of window dressing insanity. The Treasury is about to start a purge that initially deliberately targets the medical profession in the UK. The intent is to threaten and cajole medical staff who have undeclared and so untaxed earnings.
The proposal is that if a person has earned a few quid ‘cash in hand’ and has not declared it, if they do so by the end of March they’ll simply have to pay it plus a 10% ‘penalty’. After the end of this so called amnesty if they do not ‘come clean’ — and get found out they will be prosecuted.
It strikes me that since the UK is finding it hard enough to get medical professionals to work in the UK in the first place for a whole raft of reasons, to now engage in a pogrom against those who do work in the UK is bordering on lunacy.
In both cases there is a better way.
In the case of the government created banking free-for-all in which the government collaborated in bilking the market a tightening up of regulations would more than have resolved the problems caused by letting foxes run wild in the hen coop.
In the case of some medical professionals trousering cash one very obvious solution would have been to make payments for private medical care tax deductible and so prevented what really is a chicken feed tax leakage in the first place.
But of course because neither solution would have satisfied the government created public demand for blood, nor would they have the same ‘umami’ that presenting a simple solution to a complex problem offers to the vast majority of the general public, who of course fail entirely to see that the solutions offered actually create other problems.
In both the banking and the medical profession huge problems for the country, and far more damaging than which is claimed to being fixed.
Sheesh. What a shower.
Rog
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