Friday, August 24, 2007

A Fatal Error?

From bluematter, a rather good economics blog, discussing Inheritance Tax (and everybody's favourite Vulcan):
Still at last count it only affected 10% of estates and raised about £3.2bn - that's just under 1% of the total tax take but more than enough to pay for the work of Department of Environment, Food and Rural Affairs.

Fine, as far as analysis of the tax system goes but why, on earth or in heaven, should it be assumed that paying "for the work of Department of Environment, Food and Rural Affairs" is anything other than gross stupidity?

I suppose it could be the effective taxation equivalent of "the size of Wales" to land area (see also wikipedantic)?

Update: I suppose, in the interests of fairness, I should point out that neither of the bluematter posts linked were the outpourings of the blog's main author, who is on holiday.

No comments:

 
HTTP Error 403: You are not authorised to access the file "\real_name_and_address.html" on this server.

(c) 'Surreptitious Evil' 2006 - 2017.