Tuesday, December 8, 2009

This is class war – carried out by Cameron against the poor

Here is brief extract from an article by Polly Toynbee in today's Guardian that caught my eye. I know how much the Blatherers enjoy a bit of class analysis!

So far every single one of Cameron and Osborne's tax plans promote the wealth of the exceedingly wealthy. Not the middle or upper middle but the top 2%. It is astonishing that they have been so overt about it. No previous Conservative party ever sought power on the basis of promises to divert so much revenue from so many to so few. It is not class war or engaging in scare tactics to point out that Cameron and Osborne's only known tax plans gift £1.2bn to the top 2% of wealthiest estates in inheritance tax. Their marriage tax relief gifts 13 times more cash to the top than the bottom. Giving back extra tax relief on pensions of the richest gives £3.2bn to the top 1.5% of earners. Reversing Labour's 50p income rate gives £2.4bn back to the top 1%. The total sum taken from 98% of voters to donate to the top 2% is £11. 7bn. That really is class war – the rich looting everyone else.

The full article can be found here:


No comments:

Post a Comment