Here are a handful of the posters being used in the United Kingdom to fight the perversely-destructive proposal to increase tax rates on capital gains. (for an explanation of why the tax should be abolished, see here)
Which one is your favorite? I’m partial to the last one because of my interest in tax competition.
By the way, “CGT” is capital gains tax, and “Vince” and “Cable” refers to Vince Cable, one of the politicians pushing this punitive class-warfare scheme.
[…] modest reduction in the top tax rate on personal income, but these reforms were more than offset by big tax hikes when Cameron first took […]
[…] of justifying his assertions. When the Tories took over in the United Kingdom, they quickly imposed a series of tax hikes (in addition to the tax hikes imposed by the outgoing Labor government). But since that time, the […]
[…] These posters were designed by folks fighting higher capital gains taxes in the United Kingdom, but they apply […]
[…] These posters were designed by folks fighting higher capital gains taxes in the United Kingdom, but they apply […]
[…] of justifying his assertions. When the Tories took over in the United Kingdom, they quickly imposed a series of tax hikes (in addition to the tax hikes imposed by the outgoing Labor government). But since that time, the […]
[…] of justifying his assertions. When the Tories took over in the United Kingdom, they quickly imposed a series of tax hikes (in addition to the tax hikes imposed by the outgoing Labor government). But since that time, the […]
[…] only “good news” is that a few other nations also impose foolish policies as […]
[…] of UKIP voters also want class-warfare tax hikes solely as an instrument of envy (though, given the mentality of some of their leaders, I’m pleasantly surprised that “only” 29 percent of Lib Dems are motivated by […]
[…] of the Cameron government’s intellectual bankruptcy. For previous examples, see here, here, here, here, and […]
[…] Cameron has increased the capital gains tax. […]
[…] Dem coalition is similarly bad. In recent years, the capital gains tax has been increased (see these amusing posters to understand why this was a foolish idea), along with a big hike in the value-added tax (though, […]
[…] Dem coalition is similarly bad. In recent years, the capital gains tax has been increased (see these amusing posters to understand why this was a foolish idea), along with a big hike in the value-added tax (though, […]
[…] If you don’t want double taxation, the capital gains tax rate in Jersey is zero. That’s a lot better than the United Kingdom (though the rate there is now “only” 28 percent. […]
[…] anti-competitive system for taxing dividends and capital gains. (perhaps it’s time to copy the clever British campaign against punitive double […]
@Jim the voter
You have just two choices:
1) voting for policies that you like to think will help you today but screw you tomorrow, or
2) voting for policies that will hurt you today, but benefit you tomorrow.
Do you – and the rest of the vote for income-redistribution crowd – see that today is a lot shorter than tomorrow – the rest of your life?
Let’s look at exercise, a great analogy. When you start exercising, it hurts, big-time! That painful feeling is presumably why many people avoid it. Yet in the long-term, exercise is both good for you and brings you major health benefits.
Those who don’t exercise don’t get those benefits. If you see the wisdom in this analogy, then pass it on… As they say: “No pain, no gain!”
[…] system of personal retirement accounts, giving taxpayer money to statist environmental groups, increasing the capital gains tax, increasing the burden of government spending, and whining that it is wrong for people to minimize […]
Raj Vadabhaat said:
…. 3 billion people are growing at 5-10% ….
Five to ten per cent, eh?
Wow.
For five to ten per cent of three fifths of five-eighths of sweet Eff-All; — less stupendous amounts for bribes and graft and corruption and to compensate for abjectly unreliable utilities and a non-existent infrastructure don’t amount to a sustainable hill of beans!
And, in any case, as goes (well, went, actually) Europe, goes Asia.
So, dream on.
[…] https://danieljmitchell.wordpress.com/2010/10/17/we-should-copy-the-clever-british-campaign-against-h… Share this:TwitterRedditFacebookEmailPrintDiggStumbleUponLike this:LikeBe the first to like this. This entry was posted in Uncategorized. Bookmark the permalink. ← Fact-checking the factcheckers on Ryan’s speech; Update: “As pre sident, I will lead an effort to retool plants like the GM facil ity in Janesville” « Hot Air […]
[…] Dem coalition is similarly bad. In recent years, the capital gains tax has been increased (see these amusing posters to understand why this was a foolish idea), along with a big hike in the value-added tax (though, […]
[…] Cameron has increased the capital gains tax. […]
[…] Cameron has increased the capital gains tax. […]
[…] Cameron has increased the capital gains tax. […]
[…] system for taxing dividends and capital gains. (perhaps it’s time to copy the clever British campaign against punitive double […]
[…] I have no idea who or what a “Horlick” is, but I can give you this clue and this clue about Vince Cable. Rate this: Share […]
[…] If you recognize Mr. Cable’s name, there’s a good reason. He is member of the parasite class in England most associated with the push for higher tax rates on capital gains – which led to a clever set of posters attacking his destructive proposal. […]
[…] Moreover, Cameron has been a disappointment on the tax issue. He left in place Gordon Brown's election-year, 10-percentage point increase in the top income tax rate. But then he imposed an increase in the VAT rate and implemented a higher capital gains tax. […]
[…] Moreover, Cameron also has been a disappointment on the tax issue. He left in place Gordon Brown’s election-year, 10-percentage point increase in the top income tax rate. But then he imposed an increase in the VAT rate and implemented a higher capital gains tax. […]
[…] Moreover, Cameron also has been a disappointment on the tax issue. He left in place Gordon Brown’s election-year, 10-percentage point increase in the top income tax rate. But then he imposed an increase in the VAT rate and implemented a higher capital gains tax. […]
[…] Moreover, Cameron also has been a disappointment on the tax issue. He left in place Gordon Brown’s election-year, 10-percentage point increase in the top income tax rate. But then he imposed an increase in the VAT rate and implemented a higher capital gains tax. […]
Jim:
I disagree. I’m not sure how it is in the UK, but here in the states, I think a very large majority still attempt the honesty of living within their means and are particularly annoyed when their own livelihood is taken and given to those that don’t.
Which is why the first one hit me hardest. As a matter of fact, that’s a great Facebook status. It may even fit as a tweet.
Western world ads that are trying to convince the 1 billion people of the first world countries to grow at 2.5%, instead of 1.5%. Meanhile 3 billion people are growing at 5-10%! Good luck Western World upper, middle and lower class in all!
You might as well vote for Mr. Cable and at least party a bit on the Titanic, even though, alas, that will seal your fate and hasten your demise… The disproportiaonately prosperous way of living that even your middle and lower classes have become accustomed to and taken for granted is coming to an end. Sooner than you are anticipating…Realize that 2 to 3% growth rates are just not going to cut it Westerners! You either start growing at 4-5% or become caught up with – and discend into world averagedom…
I understand what the ads say, and in part agree. However, the stark reality of today’s difficult economic climate is that my family and I are hurting economically. So even if this was a result of past mistakes that perhaps I as a voter made, today’s reality remains that the resultant low growth rates and competition from what once used to be the third world, are putting my family in economic distress. So I need help! And I need it now! I can vote for Mr. Cable who will use other people’s productivity to prop up a bit my standard of living immediately, or I can vote for a handful of supply side politicians who will let me suffer while talking about some vague eventual prosperity down the line.
So the more I hurt, the more I vote for Mr. Cable’s immediate relief; and the majority agrees with me. That’s why the road to serfdom is a one way street. Once entered there’s little chance of escape.You must first hit bottom before the one-way dynamics disappear. But that is still a long way down folks…