Thursday, 21 March 2013  Another Millionaires Budget  Cutting
income tax make no sense to me at all, it is one of the few
truly progressive taxes, the more you earn the more you pay.
(That is until you get so rich you just avoid tax). The cut also
gives employers an excuse to persistently refuse to increase
wages in line with anything approaching inflation.  Osborne has
chosen to cut income tax. This may seem like a good idea so I
went on the BBCs budget predictor and put in my pay: I save £300
in income tax this year. Great you might think, not me... I then
lied to the BBCs predictor to find out what would happen if I
was a hedge fund manager instead of a Lecturer. I put in a
salary of a million quid,  just for a laugh. It wasn't funny.
Osborne's budget would grant 'millionaire me' a £42000 tax cut.
That's enough to give every child  in my daughters primary
school free school meals for a whole year.  Because the economy
is not growing, such lavish tax cuts have to paid for: Osborne
has told each 'government