Friday, September 24, 2010
Tweety has an Epiphany While the UK Moves Closer to Full Blown Statism
In a rare moment of clarity, Chris Matthews utters the unutterable. Shame on him.
In a related, but very disturbing story, the UK's tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer.
The proposal by Her Majesty's Revenue and Customs (HMRC) stresses the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the correct tax is being paid.
Currently employers withhold tax and pay the government, providing information at the end of the year, a system know as Pay as You Earn (PAYE). There is no option for those employees to refuse withholding and individually file a tax return at the end of the year.
If the real-time information plan works, it further proposes that employers hand over employee salaries to the government first.
This certainly gives new meaning to the phrases "working for the government," and "welfare state." Let's hope the geniuses in Washington don't hear about this idea.