Support continues to roll in for Labour’s plan to own our future and make sure everyone contributes their fair share to the society that they live in, and some of it comes from some pretty unlikely places.
It’s not often that I agree with Deborah Coddington, but I do today.
…muggins like me who stick our savings in the bank have to pay resident withholding tax and can’t escape it. That’s why, in principle, a capital gains tax, as sold to me this week by Labour’s revenue spokesman Stuart Nash, is hard to argue against. If you earn a buck, you pay tax on it. Taxation should be fair…
While Coddington doesn’t agree with a progressive taxation system (ie. the more you earn, the more you contribute), she does take aim at those who have become excessively rich at the expense of others:
The more I see the fiercely wealthy, the more I dislike them. Are they born unpleasant or do riches change them because they’re accustomed to sycophants hanging on every whim? … they’re terrified of losing their money, and becoming grasping and predatory. They fear everyone is out to take it away so they must increase their pile … Rich isn’t a dirty word, but these guys’ refusal to accept they’ve done wrong gives everyone in business a bad name.
I admire people who have worked hard and made a good life for themselves and their families. But I’ve got no respect for those who make huge piles of cash by ripping innocent people off, then stash it away in family trusts and try to pretend they can’t even afford lawyers to defend themselves. They’re rip-off artists, plain and simple. Ambition and hard-work should be rewarded, greed should not.