@9GVFL245mos5MO
Lower taxes stimulate economic activity as they encourage investment and spending. The laffer curve demonstrates this. If you set the tax rate too high investors will flee to more desirable jurisdictions. Regardless though, taxation is seizure by government on private wealth and should be kept as low aa possible as a matter of preserving private property rights.
@9GSGL6C5mos5MO
The stats already show that the rich contribute the most amount for tax. If you tax them more. They will leave the country.
@9FK5KWW6mos6MO
the rich pay a lower tax margin then the rest of the country, plus alot of big companies are getting away without paying any tax at all
The rich currently pay a much lower tax burden as a percentage due to sales taxes disproportionately affecting low income households and the fact that capital gains tax is a flat rate
@9FFXQ3S6mos6MO
If we raise taxes too high then many people who are high taxpayers will leave and it will ruin the government.
@9FF2V8G6mos6MO
The rich pay a much lower percentage than the poor and I believe they shouldn’t be able to have offshore bank accounts with zero tax as it has no benefits to the UK economy and they should only have accounts in the country the live in otherwise they should live elsewhere
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