The Case for Transferable Tax Credits Grows Stronger

Herr Cameron was on damage control today after the special pleading got a little more clamourous with Labor becoming the defender of the richest in societies welfare cheque and everyone else's head-scratching at the bizarre incongruities of the scheme (or maybe genius of social engineering).

However, amidst the vast turd-sandwich that this is for Cameron he was occasionally doling put golden nuggets of corn:

Mr Cameron admitted he needed to convince the public the tax and benefits system was fair and suggested a transferable tax allowance between couples could make it more balanced.

The transferable tax allowance, also known as a marriage tax break, was a key Conservative election pledge.

The party announced it would allow spouses who did not claim all their taxfree personal allowance to transfer £750 of it to their working partner.

Small beer compared to what I suggested and what our cousins have been espousing across the ocean, this meagre offering of £750, or £63 a month is a fraction of the workable income the non-working parent could earn if they ditched the kids and got to the coalface.

In fact let's look at this another way:

1. If Cambo and his Bory/Soc Dem coalition are so committed to "fairness" and "equality" (of outcome; it would seem there us little difference in action to suggest of opportunity) then they would enable people to have full autonomyover their tax allowance and how and who is responsible for it's use.

2. Looked at another way this is actually an encrouchment on the minimum wage; agree with it or not, if we are to assign a state-mandated value to an hourly rate then it should be based on what the individuals time is worth to them (not what it is worth to the state) - by this estimation based on a 37.5 hour working week (to which most housewives would laugh at, wondering where the other 22.5+ hours went) this transferable tax allowance equates to a "wage" of 39 pence an hour; hardly progressive policy that to pay slave wages eh Dave?

Mrs. Rat was increasingly angst ridden and tearful ever since going back to work full time; the strain of not seeing our baby daughter is starting to fray her around the edges; with quite a few simple changes to the tax regime Cambo could allay the fears of millions of people, ease the burden on those hardworking families he says he represents and create true fairness by instituting a truly liberal transferable tax credit regime that would make him a hero to everyone.

And all without dancing a merry jig for Adam Boulton.

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