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Location: United Kingdom

Friday, 24 April 2009

TAXPAYER GB TO PICK UP THE TAB.

As the hidden aspects of the Budget emerge, which include the long term tax burden on the public, the debt is always left for the majority to resolve. Anyone who has made shed loads of money very often knows how to retain it.

To look at one of the decisions from the Chancellor's speech, let us consider the car voucher scheme: Taxpayer GB will foot the bill for what could turn out to be mammoth sums, which will, in most cases, finish up in a foreign country. This also occurs in trying to revive the high street, by people using credit cards. What do we manufacture anymore? Certainly in the case of car sales, there will also be some middle men somewhere making money from them.

We have mentioned previously the housing market. Why give the impression that money is cheap when the underlying trend is the reverse? Eventually the market will determine that we face reality.

We cannot, therefore, run an economy based upon foreign car sales, imported clothing etc., and a false housing boom.







REMEMBER THE MANTRA: HAPPINESS IS AN INTEREST RATE OF 5%.

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