Tag: Margaret Thatcher

I believe that what most people want in their lives, is what the Conservative Party wants to have for them. I believe that our policies are fundamentally common sense policies. Just let’s take taxation for an example. Wherever I go I hear enormous resentment about the amount which people are paying out of their own pay packet in tax. And, this goes right across the income ranges. Socialism started by saying it was going to tax the rich, very rapidly it was taxing the middle income groups. Now, it’s taxing people quite highly with incomes way below average and pensioners with incomes way below average. You look at the figure on the beginning of a pay slip, sometimes it can look quite high, look along the slip to the other end, and see how many deductions you’ve had off, those deductions have increased enormously under Socialism … Public expenditure, which they always boast about, is financed out of the pay packet in our pockets. People are saying that they really think too much is being taken out of the pay packet for someone to spend on their behalf, and they’d rather be left with more, and it’s now well-known that Socialist Governments put up taxes and Conservative Governments take them down. It’s part of our fundamental belief giving the people more choice to spend their own money in their own way.

The problem with socialism is that you eventually run out of other people’s money.