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Golden Geese Flee

Treasury loses as top earners dodge 50p tax - Times Online

High earners will cost the public purse hundreds of millions of pounds through tax dodges as they avoid the new 50p rate of income tax, a minister indicated yesterday.

Lord Myners, the City Minister, said that the Treasury had “significantly reduced” its estimate of the revenue to be earned from the historic change.

They are not costing the public purse anything, there is nothing dodgy about their behaviour. They are acting rationally, the public purse never had the money and should never have expected it. I'm sure proper economists have a name for the effect, it is just that the politics of envy pretend it doesn' exist.

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"They are not costing the public purse anything, there is nothing dodgy about their behaviour. They are acting rationally, the public purse never had the money and should never have expected it."

In a nutshell.

Nother example of the deceitful position taken by the tax raising authorities.
The assumption seems to be that all the money is theirs and they graciously allow you to keep a little bit.

Wait until the 40% crowd wakes up to realise that the huge insane effort they put in for (maybe) 5% extra value just isn't worth it...

The donkeys' carrot has rotted at the top, it's only a matter of time before it's too stinky to keep even the dumbest ass interested enough to keep slaving away for nothing much to show for at the end.

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