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I tend to think people underestimate the amount of govt investment that happens in our communities which will be neglected if left to private enterprise alone.
by thevagrant 4y ago
I tend to think people underestimate the amount of govt investment that happens in our communities which will be neglected if left to private enterprise alone.
There needs to be a balance on taxation as too low can limit the ability of the govt to invest when needed.
Also your point assumes money will fairly transfer from private business to citizens when businesses have lower taxes? I don't think that is necessarily true.
I don't know much about the British tax system so can't say if the announced change is good or bad. The market however appears to be worried.
- seibelj 4y agoIt is true the government can redistribute funds into investment. It’s also true if the citizens don’t make any money, the government will have little to tax and redistribute.
- roamerz 4y agoThat’s only true if there is a balanced budget law that said government needs to comply with. The government here in the USA has been redistributing money here for ages that is not tied to taxation.
- seibelj 4y agoUSA is a special case, with the dominant global reserve currency and military force, we have the special privilege of printing money that everyone needs. The UK hasn't been that since Bretton Woods
- roamerz 4y agoI don’t see how this is a privilege. It it nothing short of theft of money from taxpayers. People are saddled with the debt of others before they are even born.