5 ms·
that’s not true, or requires being dim towards the economic reality. The UK is a great example of how progressive taxation hasn’t really worked out - our forme
by jarym 1y ago
that’s not true, or requires being dim towards the economic reality.
The UK is a great example of how progressive taxation hasn’t really worked out - our former PM paid about 20% while earning millions while someone earning £100k can be hit with 60%[1]
These ‘great ideas’ require economically illiterate proponents to pass muster.
[1] https://www.buzzacott.co.uk/insights/exposing-the-60-income-tax-rate https://www.buzzacott.co.uk/insights/exposing-the-60-income-...
- literalAardvark 1y agoThe problem there is that the UK doesn't apply the progressive taxation to everyone, not that progressive taxation is a bad idea.