Monday, April 27, 2009

Andrew Lloyd Webber Going Conservative?

The renowned braodway composer Andrew Lloyd Webber spoke out against Britian's socialism today in what could be construed as a word of warning to the U.S:

I am 61 years old. I have lived and worked in Britain all my life. Not even in the dark days of penal Labour taxation in the Seventies did I have any intention of leaving the country of my birth.

Despite a rumour put around some years back, I have never contemplated leaving Britain for tax reasons. But in the 40-plus years I have been lucky enough to work here, I’ve seen a bit. So I must draw your attention to what is really proposed in this Budget.

Here’s the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That’s not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.

I write this article because I fear the inevitable exodus of the talent that can dig us out of the hole we find ourselves in. It is inevitable, given that other countries are bidding for entrepreneurs. The Government must modify its proposals

1 comment:

  1. Why is no one listening to the real problem?
    Congress omitted from the FDCA Act in 1962 Product Liability for Prescription Drugs and Medical Devise. This preemption of the law has caused thousands of Americans to loose their life and thousand injured for life.The Preemption of the Law gives immunity to Prescription drug manufacturing Companies and leaves the public at risk. With the Health care Reform is only going to allow the drug Companies to control more and kill more with out prosecution or remedy for holding them or any Drug or Medical Devise accountable for damages. There is No Federal Law and No State Law.