Word of the day

15/06/2024

Raptorial – belonging or pertaining to the Raptores; like or resembling a raptor; seizing or plundering;  living by preying on other animals especially by catching living prey; predatory; adapted for seizing prey, as the bill or claws of a bird.


Sowell says

15/06/2024

Woman of the day

15/06/2024

Stealth increases

15/06/2024

A Taxpayers’ Union poll shows a majority of people support adjusting tax thresholds for inflation.

 

Do the people who don’t support this understand they are favouring tax increases by stealth?

Inflation feeds wage and salary increases which push people into higher tax thresholds and shields governments from the opposition they’d face by announcing tax increases.

Adjusting thresholds for inflation stops increases by stealth and lets people keep more of their own money.