So will there be a megachange in the way taxes work? No. The people "in charge" of the economy haven't a clue what to do, and I'm certain that one of the reasons for this is their lack of real-world experience. Take a look at the example of our Chancellor, Baronet Osborne.
Osborne's first job was entering the names of people who had died in London into a National Health Service computer. He also briefly worked for Selfridges, re-folding towels. He originally intended to pursue a career in journalism, but instead got a job at Conservative Central Office.So, astonishing as it might seem, the Chancellor of the Exchequer has never had a real job. If we were to ever have a constitution, this should be against it. It should be a rule that to assume any ministerial office with any power over taxation or regulation of business, a candidate should not only be more than 40 years old but should have had a real job in the private sector (not some make-work with Central Office or a Trade Union) and, preferably, been responsible for paying someone else wages for some time. You shouldn't be allowed to make decisions about spending public money until you've made some of it.
[From George Osborne - Wikipedia, the free encyclopedia]