The floated idea of a new "Backdoor Tax on Graduates" is just another type of "Wealth Tax" or should one say "Stealth Tax" ? This time it is aimed not at those who have money but those who could, in the future, earn a good income !!!
It is aimed at students who have attained their objective. They have graduated in their chosen subject !!!
The Lib.Dems and the Tory majority should not confuse the issue for their supporters !!! Nick Clegg and David Cameron must iron out their differences on this issue. They were not elected to introduce new Gordon Brown style Stealth Taxes.
They should look at the "Front Door" entry system into University Education instead and look there for possible savings!!! It is no good to encourage "students", who obviously will never get beyond the first year, to go to University !!!
Saving the costs of obvious "Front Door" failures would more than cover the expected net income (receipts minus recovery costs) from a graduate tax !!!
Finally one should be practical. All graduates do not earn as much as MPs !!! If in spite of this they still get taxed, some will certainly move abroad !!!
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