One
of the strongest reasons for booting Labour out of power is the
amount of money that they rob from us and their breach of trust in
wasting the earnings that they have seized. Even when they add taxes, they rely on your ignorance to defraud you.
Mike Warburton, of accountants Grant Thornton, said: "Even after recent falls in revenue, the taxman now takes almost twice as much as in 1997. Stamp duty, CGT and council tax have more than doubled.
"It is surprising that duties have not done so – but don't be fooled. The motorist is paying heavily. It is duty on alcohol, tobacco and betting that have fallen behind inflation – arguably because this is what matters to many core Labour voters.
Further tax rises are in the pipeline, though the tolerance for tax, no matter what the polls say, is nearing its limit. Tax increases and falling incomes are a toxic limit and low interest rates have disguised this. A quick adjustment has been replaced by the slow stagflation.