Isn't the current outlook on Britain that of scarying away new businesses with their over-taxism? It's no longer attractive to businesses was the last thing I heard about Britain and businesses.
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Isn't the current outlook on Britain that of scarying away new businesses with their over-taxism? It's no longer attractive to businesses was the last thing I heard about Britain and businesses.
Back to monarchies... I love the Dutch royal family![]()
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Both of my parents get taxed 40%+ in their highest bracket. (But remember, it's not like that when you just reach a certain amount, that WHOLE amount is taxed at 40%, you get certain amounts of money taxed at different rates. I think the first few thousand is tax-free.).I believe in low taxes all across the board, I believe no government has any right to take over 45% of someones earnings, regardless of what they earn. I also believe in low taxes for middle class and working class as that is what fuels tourism and growth.
The gap will widen as enterprenialism has made so many more people millionares and billionares and that is fantastic, that is why it is widening. I read that in the 1970's less than half the population had a telephone, by the end of the 1980's most of the population had a phone. Her low tax regime benefitted everyone and that is why we have seen an explosion in jobs since the early 1980's, just look at the London Skyline or the Liverpool Skyline - it is all a product of Thatcherism, not perfect but works best.
But unfortunately, taxes need to be high if we are to fund our healthcare system. We constantly complain about the state of it, but that's because we attempt to do it on the cheap. Other nations with care such as ours have to pay a lot more in taxes for better service. Low taxes doesn't mean that you save money, it just means you have to fork out more for non-subsidised services. I wouldn't mind paying 45% tax if I can use the train to get to london fom nottingham for £15 return. If I can get a return ticket on the bus for £1.50. If I can get my house powered at a reasonable rate. If I don't have to pay for university fees. If I don't have to pay as much in fuel duty, if the government have free/better training facilities for people who have lost their jobs (and therefore won't be needing to leech of the state) to find new jobs. Remember the money spent on these services by the government does find itself back into the economy and does help fuel economic growth in the private sector.
That's a poor example. For example, over a period of time people do generally purchase the latest advancements. You could probably use that example with mobile phones in the mid-90s until now. It's general progression. Uneven spread of resources is a problem economically and socially.