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#243960 - 24/06/12 08:11 PM Re: Tax avoidance and evasion [Re: EMP]
Stanley Park Online   crying
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Registered: 21/10/09
Posts: 11103
Loc: Grimsville
If you tax the rich they won't work or won't start businesses. What matters with tax is not what the rate is but the cash value it generates. There is something called the laffer curve which demonstrates it. For example if tax is 0% you will bring in no tax. If it is 100% you will bring in no tax, nobody will go out to work to earn nothing. So the real rate is between 0% and 100%. In the 70's the top rate of tax in the UK was 93% the tax received by the government dramatically went down and the best brains in Britain went to the USA and actually formed silicon valley forming today’s vast computer industry which includes Microsoft. At the time Tony Benn who was trade minister went to the USA and begged them to return home. They stayed in the US and thousands of jobs were lost and Britain’s trade suffered. The result ? we went bankrupt and had to call in the IMF in 1976.

I am afraid your ideas need more work.



http://en.wikipedia.org/wiki/Laffer_curve


Edited by Stanley Park (24/06/12 08:12 PM)
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#243962 - 24/06/12 08:14 PM Re: Tax avoidance and evasion [Re: Stanley Park]
EMP Offline
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Registered: 05/04/12
Posts: 2710
its called balance and its not right ,never has been.

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#243964 - 24/06/12 08:16 PM Re: Tax avoidance and evasion [Re: EMP]
Stanley Park Online   crying
Member

Registered: 21/10/09
Posts: 11103
Loc: Grimsville
Originally Posted By: Martinezmuststay
its called balance and its not right ,never has been.


Fine response whatever it may mean
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IF YOU WANT TO BE HEARD SPEAK SOFTLY - BOB PAISLEY

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#243965 - 24/06/12 08:18 PM Re: Tax avoidance and evasion [Re: Stanley Park]
EMP Offline
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Registered: 05/04/12
Posts: 2710
pretty obvious what it means but will spell it out for you , a balanced and just tax system where the rich and corporations don't get a free ride.

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#243968 - 24/06/12 08:32 PM Re: Tax avoidance and evasion [Re: EMP]
Stanley Park Online   crying
Member

Registered: 21/10/09
Posts: 11103
Loc: Grimsville
Originally Posted By: Martinezmuststay
pretty obvious what it means but will spell it out for you , a balanced and just tax system where the rich and corporations don't get a free ride.


I would agree with that but add the cash in hand merchants too its not just the rich who evade tax.
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