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Veritas Party
Posted 5:15 PM Friday April 15, 2005 by Paul Maunders
Unlike our friends in the civil service, we are a private company and therefore I don't have to maintain any political neutrality during election time when I write on this blog. So, apologies to Mr Kilroy Silk, but I found this flash animation about Veritas quite amusing.
Although I won't be voting for Veritas personally, I find their views on taxation very interesting. They have suggested that if they got power they would move the country towards a system of flat tax. For those of you who don't know what a flat tax is, it is basically a simple tax system that charges a single rate of tax on all income, with a high personal allowance.
There are many benefits of a system like this, but I won't list them all here so I suggest you go read this report by the Adam Smith Institute on the effects of a flat tax on the UK economy. It presents a favourable argument for a flat tax concept and even suggests that the idea maybe more feasible than some would have us believe. Maybe soon the other mainstream parties might even take this idea seriously.
For those of you like me, who couldn't find Veritas' home page, try looking here.
Although I won't be voting for Veritas personally, I find their views on taxation very interesting. They have suggested that if they got power they would move the country towards a system of flat tax. For those of you who don't know what a flat tax is, it is basically a simple tax system that charges a single rate of tax on all income, with a high personal allowance.
There are many benefits of a system like this, but I won't list them all here so I suggest you go read this report by the Adam Smith Institute on the effects of a flat tax on the UK economy. It presents a favourable argument for a flat tax concept and even suggests that the idea maybe more feasible than some would have us believe. Maybe soon the other mainstream parties might even take this idea seriously.
For those of you like me, who couldn't find Veritas' home page, try looking here.
