Odd days:
Tax credits sounds so much better then subsidies for poor/bad business or a low wage subsidy. Wonder how much they paid some advertising executives to come up with the name.
The trouble is all manner of subsidies are open for grabbing and manipulating from both workers and employers, from the person who deliberately only works enough part time hours in the week to trigger the maximum benefits, to the thousands of jobs advertised (including the job centre, at one time, dunno about now) where in work benefits could apply to the pitiful wages being offered, everyone’s a winner eh?
What everyone forgets is that the govt has no money, it is all taken from net taxpayers, or borrowed for said net taxpayers to repay at some point.
The problem with this massive ponzi scheme is where is the balance point where those number of receivers and/or employers, many being manipulators of net taxpayer funded subsidies, outweigh those who are net contributors…arguably we’re long past that point as the growing national debt appears unstoppable, though ■■■■■■■ some £14billion every year up the foreign aid scam wall every isn’t helping, let alone paying the EU scam hundreds of £millions a week for the benefits of the one sided, their way, defecit…said defecit being another main cause of the growing national debt.
the below is attributed to one Dr Adrian Rogers, though the source may be disputed, the general gist from back in 1931 is entirely valid.
''You cannot legislate the poor into freedom by legislating the wealthy out of freedom.
What one person receives without working for, another must work for without receiving.
The government cannot give to anybody anything that the government does not first take from someone else.
When half of the people get the idea they do not have to work because the other half is going to take care of them, and when the other half gets the idea it does no good to work because someone else is going to get what they work for, that my dear friend is about the end of any nation.
You cannot multiply wealth by dividing it.