Replies to Msg. #1212614
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 Msg. #  Subject Posted by    Board    Date   
47347 Re: Truss backs down on cut to top rate of tax
   One day, I expect my dogma of focussing on the middle of the income cu...
Cactus Flower   ALEA   04 Oct 2022
10:13 AM
47330 Re: Truss backs down on cut to top rate of tax
   There will be another fight over the scale of any spending cuts requir...
Cactus Flower   ALEA   03 Oct 2022
2:34 PM

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Re: Truss backs down on cut to top rate of tax

By: Cactus Flower in ALEA
Mon, 03 Oct 22 11:19 AM
Msg. 47321 of 54859
(This msg. is a reply to 47319 by clo2)
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There's the silver lining.

The cloud is that they reverted to 1980s dogma. We already know how that plays out. The growth is less than it says on the tin. Meanwhile wealthy people get expanded offshore bank accounts and fancier yachts made in some foreign country, while the rest of the country is left paying off the debt for a generation.

I don't think you get much back from the top slice of income earners. Your growth is going to come from people in the middle of the income curve, who may take a risk and launch their own business if they have a little more in the bank. That's my dogma, if you will and it's why I argue my case.