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UK General Election: Labour's Marxist "chancellor" to demand higher taxes from millions

Publication: 
Editorial Staff
chiefofficersnet

If the Labour Party were to win the general election next month, the Prime Minister and the Chancellor would both be supporters of hard-line communists.

Jeremy Corbyn has a long history of public association with communism but the fact that his shadow chancellor (opposition finance minister) John McDonnell thinks that Karl Marx has "a lot" to teach the English will come as welcome news for those who are vacillating: you can tell a lot about people by the company they keep and, unlike the Blair/Brown years, at least we know exactly where the leadership stands. And it stands for increasing taxation for millions, according to McDonnell in an interview with the BBC.

BBC - Andrew Marr : Are you a Marxist?

O'Donnel "“I believe there’s a lot to learn from reading Kapital, yes of course it is."

In the interview, he was asked about his previous statement that he intended to increase income tax for those earning more than GBP100,000 per annum. He responded that he would not increase tax "in the next parliament" (in which Labour is widely expected to play a very minor role) on anyone earning less than GBP80,000. It is also intended to tax education by the addition of standard rate VAT (20%) on school fees.

The Daily Telegraph says "In 2013, Mr McDonnell welcomed the financial crash that wrecked Britain’s economy and insisted he was a Marxist."

Watch soon: the BBC will remove the link in four weeks: http://www.bbc.co.uk/programme...

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