While this may all be true, a more sobering perspective comes from considering the impact on the individuals paying the taxes: "the poorest fifth of people pai

While this may all be true, a more sobering perspective comes from considering the impact on the individuals paying the taxes: "the poorest fifth of people paid 22.9% on indirect taxes such as Value Added Tax (VAT) compared with 9.1% for the richest fifth" [0]. "As it stands, there is set to be both an Income Tax rise and Income Tax cut in 2024-25, and a further tax rise in 2025-26, with a net transfer from lower- to higher-income individuals" [1]. To return to parent comment's point, trickle-down economics have demonstrably failed. Taxes are avoided by the rich while punishing the poor - surely absolutely not what should be happening. [0] https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/theeffectsoftaxesandbenefitsonhouseholdincome/financialyearending2021 https://www.ons.gov.uk/peoplepopulationandcommunity/personal... [1] https://www.resolutionfoundation.org/publications/happy-new-tax-year/ https://www.resolutionfoundation.org/publications/happy-new-...