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And it'll make no difference, all these wealthy don't have salary to tax or often time even cash, it's quite often wrapped up in the companies they've started o
by Guthur 6y ago
And it'll make no difference, all these wealthy don't have salary to tax or often time even cash, it's quite often wrapped up in the companies they've started or made super successful. This is the point that seems so blatantly missed.
Increasing taxes shouldn't be the one jerk reaction because there is scant evidence that governments are remotely effective at using the money we already give them hand over fist. I suppose they do keep droves of civil servants employed, but make of that what you will.
During covid we should have made it far more easy for small businesses to survive by cutting they're tax burden, the healthy would have had a chance to flourish and the already weak businesses would still fall to the wayside. Instead we'll handed money out to people who will many times buy the next Samsung, Apple Amazon whatever feeding the big corps that everyone here loves to hate.
It's so obvious that this is what happens that i can't understand how so many can be wilfully blind to it.
- Guthur 6y agoAlso the reason the poorer get taxed so disproportionately is because much of the tax system is regressive with elements like sales tax and stamp duty. The government certainly has the power to fix this, but not by stealing more but fixing the blatantly broken system
- pjc50 6y agoLoss making businesses usually pay no tax, so how are you going to reduce their tax burden? > healthy would have had a chance to flourish There can be no healthy hospitality businesses during the pandemic.