As well know, everything's getting expensive - even with all the sales.
Bills are going up as well, with some people going into fuel poverty.
Taxes don't help either.
But my idea is, even though taxes don't help with everything go up, would you be more relunctant to pay extra taxes, but you get a discount in everything you buy?
I.e. Pay more taxes, pay less goods?
Could this be the key to starting the economy back up?
(PS: Please don't post hateful comments, this is just an idea - not a Government proposition).
Depends whether the money I pay for the government is equal or less than the money I saved through cheaper prices.
surely your upsetting the price mechanism of the economy then? not helping it recover at all?
would this not be six of one and half a dozen of the other?
This would certainly make things more equitable (providing taxes were raised proportionally and not just per capita).
And it would things much cheaper for people.
However, the thing with sales taxes is that they can always be increased or decreased to affect the economy. Income taxes are almost impossible to raise (being a very hot topic politically) and if reduced are almost impossible to bring back up again (unless you're talking about the upper cohorts of the tax regime, in which case people are always happy to see the rich get taxed more).
There's really no point focussing on income taxes, no matter what the benefits, in my opinion. Ad velorum taxation offers far more flexibity to the government (especially for items that cause problems such as cigarettes and alcohol, or for items that are good but severely underconsumed, such as nicotine patches or healthy food).
Surely the only way that could happen would be to scrap VAT completely (to lower prices, also don't think we can do this due to having sort sort of minimum across europe), and then add that tax somewhere else?
But where would you add on more tax? Income is never going to be popular, petrol, booze, and cigs too.
Not sure where you would go with it.
Getting lazy unemployed *******s into work would be a better idea.
This country seems to have a habit of punishing the hard working people who have gained higher wages, in order to give hand outs to junkies and lay abouts.
God I know people who work outside the UK for half the year yet are taxed 40%. It's insane.
Would it not be the same thing, just you paying a different entity instead?
It would be a good idea (if hard to implement politically) if our problems were due to a lack of demand. But they are not: our problems are more to do with uncertaninty in the financial markets and the consequences of a property price bubble than anything else: we have more problems with investment and finance than we do with demand.
You could achieve the same result by getting rid of VAT and instead raising income tax.
No, no, no. I've met people who do not want to work.
One guy who even told me he didn't want a job because he was making more on the social. So it isn't a myth at all.
My Sisters ex, claimed he wanted a job badly. Three jobs later he had quit two and amazingly managed to get sacked from one, that was 6 months ago and he hasn't even bothered to visit the job centre yet. So clearly he can't be arsed to work.
Also I guy I know who left school at 16, and has only worked for three months since (He's 22 now) he only works when he wants something that his dole money doesn't cover & apart from that his Dad is too soft to kick him out the house.