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Re: British tax cut madness

By: Cactus Flower in ALEA | Recommend this post (0)
Fri, 30 Sep 22 7:59 AM | 16 view(s)
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Msg. 47273 of 54848
(This msg. is a reply to 47272 by Cactus Flower)

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Doubtless they will also announce cuts to protections for the most vulnerable on grounds of affordability, having just cancelled the revenue which paid for it.

It has a tax cut bow on it but it's a Greek gift, as it always is. They reduce rates for higher tax payers (incentives! investment!) and tell poor tax payers to expect growth and better jobs. But they forget to mention that whatever growth there might be is across the valley of the shadow of death. And even that level of growth may be an illusion.

Voodoo.


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The above is a reply to the following message:
British tax cut madness
By: Cactus Flower
in ALEA
Fri, 30 Sep 22 2:50 AM
Msg. 47272 of 54848

Hopefully they'll at least withdraw the top rate cuts, saying conditions weren't right, mumble mumble.

This was purely ideological without an election mandate or a formal costing.


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