The Looney Lib Dems have finally lost it

Okay – it’s now official. The Looney Lib Dems have finally lost it. Power seems to have gone to the Liberals’ heads. They plan to win the next general election by clobbering the rich rather than making the country wealthy.

In a policy drawn up by the party’s “Tax Working Group” high earners would face a huge rise in their capital gains tax bills.They propose a cut in the tax-free capital gains allowance from £10,900 to just £2,000.

In addition the manifesto policies drawn up by party’s Federal Policy Committee includes limiting tax relief on pension contributions and cutting the size of pension pots to £1m (equivalent to about £20,000 a year for a 65 year-old married man). The Lib Dem leadership is also inviting grassroots activists to vote on the return of the controversial 50p income tax rate which was recently scrapped by the coalition; Inheritance tax will be tightened and non-dom taxpayers hit harder and the mansion tax is still coming too.

The Liberal Democrats call that “creative and progressive”.  That’s a very liberal use of the word ‘creative’. They describe it as fairer taxation that will encourage employment and economic growth. It is in fact the opposite.

Will you be one of the turkeys voting for these bearded sandal wearing weirdo’s Christmas at the next election then, or will you be going for the Punch & Judy knockabout, end of the pier UKIP show? You could of course decide to give the economy back to Ed. Ed, Yvette and Len McCluskey. I know who I’ll be supporting.