| Scotland discovers the Laffer Curve 13:43 - Jul 26 with 3101 views | GlasgowBlue |
Its 48% top rate of income tax (NICs on top) results in £22m LESS in tax revenues.
Andy Burnham please take note. |  |
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| Scotland discovers the Laffer Curve on 15:36 - Jul 27 with 448 views | leitrimblue |
| Scotland discovers the Laffer Curve on 15:29 - Jul 27 by lowhouseblue |
you don't have to care about the laffer curve to think it interesting that the scots have increased tax rates without raising any more revenue. is that a successful policy? |
And again, surely the real question is why have increased tax rates not raised more revenue? And what can we do to guarantee that increased tax rates lead to an increase in tax revenue? |  | | |
| Scotland discovers the Laffer Curve on 15:41 - Jul 27 with 434 views | naa |
| Scotland discovers the Laffer Curve on 21:44 - Jul 26 by balcombeblue |
There is a huge amount of empirical evidence of the existence of the Laffer Curve. There is significant behavioural changes at higher tax rates and it raises little revenue. Even if it did raise significant revenue (it won't), then why should even more money be given to government to waste?
government spending has tipped well past the balance of affordability, thet is where the restructuring is needed. |
And yet plenty of European countries have much higher tax income than us and better public services to go along with it.
This notion that we can't possibly raise taxes only works if we accept we don't want public services.
And please don't suggest privatisation as a means of restructuring. There is plenty of evidence that that doesn't work! |  | | |
| Scotland discovers the Laffer Curve on 15:44 - Jul 27 with 428 views | grow_our_own |
"'Laffer Curve' is utter b*ll*cks though" - It's not a law of physics, but it's unarguably true that if govt says give us 10% more of your earnings, and you have an easy way to say no, you'll refuse. LC is true in those circumstances. Not arcane economic theory, that's common sense. Depends on the ease of avoiding and size of incentive to do so. [Post edited 27 Jul 15:56]
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| Scotland discovers the Laffer Curve on 17:02 - Jul 27 with 335 views | balcombeblue |
| Scotland discovers the Laffer Curve on 15:41 - Jul 27 by naa |
And yet plenty of European countries have much higher tax income than us and better public services to go along with it.
This notion that we can't possibly raise taxes only works if we accept we don't want public services.
And please don't suggest privatisation as a means of restructuring. There is plenty of evidence that that doesn't work! |
Ah yes, the nationalised industries were all hugely successful.
Rail is a good example, post privatisation and pre, pros and cons. Probably only water is a clear cut case | | | |
| Scotland discovers the Laffer Curve on 17:30 - Jul 27 with 307 views | OldFart71 |
| Scotland discovers the Laffer Curve on 17:02 - Jul 27 by balcombeblue |
Ah yes, the nationalised industries were all hugely successful.
Rail is a good example, post privatisation and pre, pros and cons. Probably only water is a clear cut case |
Cut maybe, but highly unlikely clear. | | | |
| Scotland discovers the Laffer Curve on 20:50 - Jul 27 with 233 views | flykickingbybgunn |
| Scotland discovers the Laffer Curve on 15:44 - Jul 27 by grow_our_own |
"'Laffer Curve' is utter b*ll*cks though" - It's not a law of physics, but it's unarguably true that if govt says give us 10% more of your earnings, and you have an easy way to say no, you'll refuse. LC is true in those circumstances. Not arcane economic theory, that's common sense. Depends on the ease of avoiding and size of incentive to do so. [Post edited 27 Jul 15:56]
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The Adam Smith Institute has just estimated that we currently have 7% less millionaires in this country than we did this time last year.
It blames a reduction in property prices and Labour tax changes forcing them out.
That will mean that up to 7% of the top tax payers have gone to pay their taxes somewhere else. Not a very sensible policy if you want to raise cash for the needy.
But let us just keep kicking those that pay the bills until none of them are left and we can all be poor. That's equality. [Post edited 27 Jul 20:51]
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| Scotland discovers the Laffer Curve on 20:54 - Jul 27 with 222 views | naa |
| Scotland discovers the Laffer Curve on 17:02 - Jul 27 by balcombeblue |
Ah yes, the nationalised industries were all hugely successful.
Rail is a good example, post privatisation and pre, pros and cons. Probably only water is a clear cut case |
Stop using the 70s as an example of what will happen and look at Europe instead | | | |
| Scotland discovers the Laffer Curve on 06:24 - Jul 28 with 128 views | CoachRob |
| Scotland discovers the Laffer Curve on 10:07 - Jul 27 by balcombeblue |
Fair comment. Here's a good paper from the ECB.
I accept that the Laffer curves precise tipping point, or it's gradient close to that tipping point is very difficult to precisely establish. What I challenge is the idea that increasing taxes yet further, particularly on PAYE earners is actually moral. At what point does the social contract and libertarianism balance?
https://www.ecb.europa.eu/pub/ |
How do you find a tipping point using an intertemporal utility maximisation function? |  | | |
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| Scotland discovers the Laffer Curve on 08:15 - Jul 28 with 69 views | positivity |
| Scotland discovers the Laffer Curve on 20:50 - Jul 27 by flykickingbybgunn |
The Adam Smith Institute has just estimated that we currently have 7% less millionaires in this country than we did this time last year.
It blames a reduction in property prices and Labour tax changes forcing them out.
That will mean that up to 7% of the top tax payers have gone to pay their taxes somewhere else. Not a very sensible policy if you want to raise cash for the needy.
But let us just keep kicking those that pay the bills until none of them are left and we can all be poor. That's equality. [Post edited 27 Jul 20:51]
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the adam smith institute, tax extremists whose funding is opaque. can dismiss any "findings" they come up with!
how much tax do property millionaires pay?
wealth taxes are the way forward. if a minority they are so anti-patriotic that they'd rather leave their country if they have to pay a tiny amount of tax, then let them. | |
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