Look at this page showing UK government expenditure and Tax Revenue;
You will see that expenditure that is necessarily financed centrally amounts to only about a fifth of the total. Even if you are an 0ld 5k00l p1nk0-c0mm13 and include all of Health and Education that’s still only about half of expenditure that needs to be centrally funded.

If you scroll down to how where this money comes from you will see that only about half of the revenue comes from direct personal taxation.

Now if central government were to rightly devolve to local government the responsibilities for raising and spending tax income for the 50% plus that does not require central funding(with a small amount of redistribution to account for poorer areas) ALL personal taxation could be gathered and spent locally, and if you can bear to devolve education and health then you could include a large dollop of ‘Other’.

Basically I am showing you that there is no absolute reason (or absolutely no reason) for central government to directly tax individuals even if you keep current Government spending levels.

Now isn’t that peachy?

This entry was posted on Wednesday, May 3rd, 2006 at 4:13 pm and is filed under omw!, Yes yes yes!.