Re: @localzuk
@Roland6
"Economics is not a science"
Guess it depends which end we look at. For predicting what will happen it is a bit like astrology, tarot cards and climate science. For understanding how changes affect the economy it does discover how actions affect the economy.
"But following the lettuce’s logic, she should have taken all the wealth off the 2 percent, as this would have encouraged them to go out and create new wealth…"
Not sure where you get your straw man from.
"Keep drinking the kool-aid. Taxes were much higher in the 70’s and 80’s, it didn’t stop people being entrepreneurial, just ask James Dyson…"
You even quoted me saying 'in decades'. A decade is 10 years. The 80's would be 1980's, currently it is 2023 so 2023-1980 = 43. How many in the tens column? 4 decades. (Guessing its a bit late). And according to the Taxpayers Alliance its a 70 year high (using 5 year averages so take it or leave it).
And yes back in the 70's and 80's tax was higher and is that the time of the massive improvement to our lives? How were things back then economically? So while there was economic activity there was more and a great improvement to our lives by not taxing until the pips squeaked.
"The people whinging about taxes are those who want the trappings of success ie. Look at me I’ve got a yacht, chateau etc."
I feel dumber just reading that sentence. Almost like it is a vacuum to rational thought. People complaining about tax because it interferes with them spending their own money that they earned. And of course in this country the rich, globally. As in we earn vastly more than most of the world. Why on earth are you buying a computer, phone, central heating, car, etc when you should be paying more tax. Thats just garbage.
"The “high tax” stuff is just b***ocks. If you found a company and it becomes successful - which is the exception among startups - there are plenty of tax breaks for you to personally do very well."
So its not easy to be successful, and those who achieve it seem to have figured out how to get to the next stage, so should be encouraged to serve more people so... steal what they earned? There is a shortage of doctors in the UK, and people contributing to large pensions get taxed heavier, coinciding with doctors retiring around the time their pension pot got so big. Correlation? Naa, steal more!