rustybarge
Well-Known Member
This is a really good illustration of the differences between the UK and US economies. Firstly no one here could afford to own their own warehouse/boat shed in which to construct a 42' boat and give up five years of their life to do it without working, the rates alone wold keep you in full time employment. I think it is so sad that the upfront costs of being in business here in the UK mean that so many marginal businesses simply cannot exist, we can no longer afford to allow vocational businesses to exist.
Iirc there were several peasants revolts in the Middle Ages when taxation reached 50%.
If you include direct tax, indirect tax, tax on duty tax, tax on tax tax, tax tax tax, to comes out at about 75 % of your gross earnings....So you're just working to keep the politicians in their chaufer driven cars, and the unemployed in their four bedroomed west end council houses.