tag:blogger.com,1999:blog-10701792.post5597052298198882800..comments2023-12-02T00:59:10.380+01:00Comments on England Expects: Here's an idea, cut spending...reduce debtGawain Towlerhttp://www.blogger.com/profile/08583658895528269901noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-10701792.post-76054837276202586792011-02-15T00:30:28.800+01:002011-02-15T00:30:28.800+01:00In many countries increasing taxes or having highe...In many countries increasing taxes or having higher taxes for higher incomes is also a way of diminishing income disparities, not just a way to reduce the deficit.<br /><br />Obviously cutting is a much more efficient way to reduce the deficit or debt, as tax increases equalling the UK government's cuts would be economical suicide. <br /><br />To be fair, 50 (or 52 like in my country) is a percentage too high. I'm not sure where I'd be on the political left/right spectrum - mostly because it's a ridiculous label - but taking half or more than half of every extra Pound (or Euro) you make seems like government led theft.<br /><br />I do think those that earn more should contribute more as well. The added value with extra earned money for a millionaire is hardly comparable to someone living on a small budget, but I don't know how you look at these matters.Jurnanhttp://jurnan.eunoreply@blogger.com