Over at Devil’s Kitchen, the blogger uses justifiably salty prose to describe what he thinks of Nick Clegg, the leader of the Liberal Democrat Party, after Mr Clegg gave various proposals for taxing City bankers and the like, including such brilliant ideas as raising the rate of capital gains tax to 50 per cent on top earners, in line with the new, 50 per cent income tax rate due to kick in at the start of April. Clegg gave an interview to the daily freesheet, CityAm.
Clegg, let us not forget, could be in a position to be an important power-broker if the outcome of the next UK general election produces a hung parliament in which no one single party has an overall majority. Given that both the Tories and of course Labour have shown no reluctance to pander shamelessly to anti-banker, anti-capitalist sentiment, it is likely that if any of these parties gets into bed with the LibDems (a truly gruesome thought, Ed), that such “bash-the rich” crapola will get worse. So we can expect the exodus of wealthy people from this country to continue if this sort of zero-sum economics nonsense holds sway.
Under trade descriptions legislation, the LibDems’ own brandname would be declared as false advertising. Liberal they are certainly not.