British Conservative Party’s budget and taxation principles

The 2012 budget season is almost over and one thing we have learned from all these tax cuts for the rich and tax hike for the poor and the old is that the conservative party, under the its successive leaders, genuinely believe that the poor among our citizens have too much income and wealth to incentivise them to work hard while the richest of our citizens have very little or not enough income for them to remain in this country.

The poorest have been hit hardest by the cuts in their benefits and tax allowances while the rich got the windfall by way of tax cuts and a big cut in the top rate of income tax from 50% down to 45%.

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