Clegg & The Land of Make Believe

UK Conservative / Liberal Coalition

So, taking us a stage further in the Politburo's new Five Year Plan, Cleggie's latest new idea is to impose Cable's old idea of a "Mansion Tax," on us.

Here's a newsflash for the Liberal's and the supine Tories who are giving way at every turn to their junior partners; we're already being taxed down to asset stripping levels and there's a limit to how much you can hit people and for how long.

With tax at 50%, national insurance at 1%, employers contributions at 12%, (rising shortly to 13%), we are already at the stage where for every £1 earned 63p is lifted by the government from the employee and employer.

Moreover, with VAT at 20% and fuel running at 141p / litre, (fuel was cheaper when oil traded at $150 / barrel), households are becoming very hard pressed. Obviously, utility bills, local taxes and food inflation are adding to the misery but the key point is this......... anyone who thinks this is a package for growth is smoking something that isn't legally sold over the counter.

With inflation at 5% in the UK, growth deteriorating and government debt at wartime levels, and still growing as a share of national income, we are in a world of pain. In the Alice-in-Wonderland Fairy Land that the Liberal's inhabit they clearly believe they can go back to the middle class piggy bank whenever they have a new point to prove to their own constituency. That though, is changing.

We are getting perilously close to a negative inflection point in the Laffer Curve.

A growing number of people of my acquaintance are chucking the towel in and opting for early retirement or legging it out of employment to become self employed to work as sole traders, on their terms. The incentive for getting out of bed at 5am, commuting and working for 12-14 hours a day is fast losing it's shine.

This obviously is lost on Cleggie boy, not that he's paid much credence to working hard anyway, having instructed his staff not to pass work into his red box after 3pm.  If he worked in the City, which he so despises, he'd be fired on the spot for idleness, not fulfilling his contract and bringing the company into disrepute.

Clegg can spout bollocks about his "work, life balance," because he doesn't have to pay for it; we have that pleasure.

Instead of engaging in wars we have no business participating in, and where there is absolutely no national interest, the quicker we have another election and give these muppets a wake-up call the better.  

Liberal Agenda for the Coalition