BrainKing - Discussion boards (Politics)

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Politics

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25. January 2011, 22:09:14

SL-Mark

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Subject: Re: The analogy to the beer tax example is that someone on the lowest wage would not be affected by a tax reduction, as they are not being taxed anyway!

(V): You are confusing income tax, which is what the prof is talking about, from other types of taxes. VAT is not applied to essential items such as food and childrens clothing and reduced for things like heating oil. It is a consumption tax, the more you consume the more you pay.

"People need to live happily" Agreed, but it is not the reponsibility of government or the rich to ensure this, but the individual.

Your last point and examples are nothing but prattle and is ignorant of economic realities.
Organisations are already moving their HQs out of the UK. Next is a very topical example.