{"id":11838,"date":"2011-09-12T11:09:48","date_gmt":"2011-09-12T10:09:48","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=11838"},"modified":"2011-09-12T11:19:43","modified_gmt":"2011-09-12T10:19:43","slug":"lets-stop-pretending-this-isnt-about-class-warfare-because-it-clearly-is","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/09\/12\/lets-stop-pretending-this-isnt-about-class-warfare-because-it-clearly-is\/","title":{"rendered":"Let&#8217;s stop pretending this isn&#8217;t about class warfare, because it clearly is"},"content":{"rendered":"<p>It's time to stop any\u00a0pretence\u00a0that the the Tories aren't about\u00a0class\u00a0warfare and that their economic policies aren't intended to promote the\u00a0wealth\u00a0of a few at cost to the majority. As the\u00a0Institute for Fiscal Studies note today (<a href=\"http:\/\/www.guardian.co.uk\/business\/2011\/sep\/12\/george-osborne-warning-cuts-impact?CMP=twt_gu\" target=\"_blank\">as reported in the Guardian<\/a>):<\/p>\n<blockquote><p>The IFS work divides households up into 10 groups (\"deciles\") in order to assess the impact of tax changes and benefit reductions. \"Taking all family types together, within the bottom nine income decile groups, those with the lowest incomes are set to lose the most from these reforms as a percentage of income \u2026 Given that the annual welfare budget is being cut by \u00a318bn, this is perhaps not a surprise.\"<\/p><\/blockquote>\n<p>There's much more on the same theme, but the reality is this: the worst off in the country will get cuts of about 12% in their\u00a0incomes\u00a0as a result of Tory policy and the\u00a0wealthy\u00a0virtually none. All the top 10% lose will be the result of the 50p tax rate on the top 1% of earners, and we now know Boris Johnson was behind the letter in the FT to abolish that.<\/p>\n<p>On top of that, banking is going to be reformed\u00a0so far in the future it may never happen; planning is being\u00a0opened\u00a0up so the country can be pillaged and small business is being sucked dry of finance.<\/p>\n<p>Happy days for the very rich - and deliberately so. It's going to be a nightmare for everyone else.<\/p>\n<p>That is a choice by Cameron and Osborne.<\/p>\n<p>It's a\u00a0choice\u00a0that will inevitably lead to conflict. Cuts\u00a0in\u00a0living standards for the majority\u00a0whilst\u00a0the top 10% get away with losing little or nothing have not occurred\u00a0in living memory. And I can't see that happening without considerable stress arising.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s time to stop any\u00a0pretence\u00a0that the the Tories aren&#8217;t about\u00a0class\u00a0warfare and that their economic policies aren&#8217;t intended to promote the\u00a0wealth\u00a0of a few at cost to<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/09\/12\/lets-stop-pretending-this-isnt-about-class-warfare-because-it-clearly-is\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11838","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/11838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=11838"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/11838\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=11838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=11838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=11838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}