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24 October 2015, 13:37
Not a joke, although it was only raised as a possibility. Countries in dire economic straits need to stop the cash economy, to prop up the banks and so that they can raise taxes and confiscate your money at will ( called a bank bail-in and already done in Cyprus ).
The banks want to charge you for acting as the middle-man between your employer and your supermarket, the government wants to see exactly how much you earn / save / spend so that they can extract the optimum amount of tax from you. If, like me, you are on a PAYE scheme and pay all your taxes you might think that it won't affect you but you'd be wrong. We'll end up paying more for services and goods as the tax man takes his share, so the man who cleans your windows for £5 will be charging you £6, the farmer who pays a gang of Pakistanis cash to harvest his crops will have to add extra etc., etc.
Of course, it's right that these people should pay their taxes, perhaps we taxpayers might even get a reduction, but don't count on it, and always remember that the Tory way it to add purchase tax and reduce income tax. It's logical for them - a millionaire can survive on the same food as a pauper, but as prices go up only one of them will starve.
The banks want to charge you for acting as the middle-man between your employer and your supermarket, the government wants to see exactly how much you earn / save / spend so that they can extract the optimum amount of tax from you. If, like me, you are on a PAYE scheme and pay all your taxes you might think that it won't affect you but you'd be wrong. We'll end up paying more for services and goods as the tax man takes his share, so the man who cleans your windows for £5 will be charging you £6, the farmer who pays a gang of Pakistanis cash to harvest his crops will have to add extra etc., etc.
Of course, it's right that these people should pay their taxes, perhaps we taxpayers might even get a reduction, but don't count on it, and always remember that the Tory way it to add purchase tax and reduce income tax. It's logical for them - a millionaire can survive on the same food as a pauper, but as prices go up only one of them will starve.