I know the 20% VAT rate is horrible - but it's actually one of the fairer alternatives:
- The richer you are and the more money you spend, the harder the 20% hits you.
- Everyone contributes
Dont actually agree with that! How is it fair that everyone has to pay a dearer price when incomes vary widely? It means the poorer will have to pay more and have less to meet their monthly bills but it will hardly touch those that are well off!!!! Also, not all rich people spend money...and they have more to spend in the first place anway!!! Its totally unfair!
If you dont agree think about it this way.
Someone gets £100 pay a week
Someone gets £300 pay a week
A toaster now costs £50 as opposed to £30...who is the loser?
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