Freedom, system thinking, politics, science, education, economics, pirates

Sunday, 27 July 2008

It's a fiasco, I tell ya!

Predictably, Gordo's Tax Credits are doing as much harm as good. I know several families who were overpaid, double checked with the IR people and were assured the money was theirs. Now they get no credits until they have repaid the payments, which were incorrect after all.

The Tax Credit scheme is so complicated that no-one understands it, including the folks who have to program the IR computers. Over complex systems always fail, one way or another.

Other Gordo Gems include:
Taxing growth on Pensions
Selling our gold reserves cheap
Creating disastrous PFI schemes, just to hide his excessive borrowing from his own golden rules.
The 10p tax and its later withdrawal
and many many more...

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