People maximise their net income: this is not so
I was once at a meeting of "high flyer" treasury recruits who had been sent to the provinces to be exposed to the tedious reality of small business. They were astounded that the self-employed and small partnerships were considering incorporating in order to take advantage of changes to Corporation Tax that had been introduced by Gordon Brown. Surely no-one would change their legal status simply to reduce their tax bill? And in this case the "utility" argument was very simple - it was literally money for nothing - no other considerations, no down side.
I'm rather more worried that these people are presumably now in senior positions in the civil service where they are giving advice to cabinet ministers - it's not as if Mr Corbyn is likely ever to be amongst the beneficiaries of their wisdom..
Biting the hand that feeds IT
