O/T people on benefits

[frogmiller]

Where do you get your research that leads you to these conclusions?

If I was a super rich person who uses legal loopholes to avoid paying tax on my millions at 40%, why wouldn't I also use legal loopholes to avoid paying tax on my millions at 20%? AS I had gone to great length to establish such loopholes, why would I stop avoiding tax at whatever figure society happens to charge normal working people?

And are you saying that the lower the rate of income tax, the more prosperity you create through attracting wealth? Kerr puts forward similar propositions for corp tax. But struggled to answer why we shouldn't then just cut the tax to 1% How low would you go?

The only certainty I can see from your proposals is that the super rich will get super richer! But will they sufficiently spread the wealth around to avoid further cuts to the public purse? Evidence from historical cuts to taxes are at best inconclusive. I'll look at your research to see if it casts new light.

In Russia when olde Glad came in he imposed a tax that shocked even their oligarchs.

He said that everyone must pay 10% tax.

Funny thing happened. The millions who had been avoiding paying taxes started paying taxes.

[ragingpup]

In Russia when olde Glad came in he imposed a tax that shocked even their oligarchs.

He said that everyone must pay 10% tax.

Funny thing happened. The millions who had been avoiding paying taxes started paying taxes.

Interesting. Where's the evidence for this?