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We in Britain always observe this when the voters alternate governments, between the Labour party high taxation and the Conservative party low taxation....Albeit, in recent years, the Conservatives have been following the guidleines of the central banks and controlling dark cabal, as they seek to implode their own financial system, to make way for the great reset....BUT, recently, the Tories have changed course, and defied the cabal "controlled demolition," by returning to classic Thatcherite taxation and growth modelling....The BoE has got on board with this, too...
Or true free market capitalism....And there is a massive difference between capitalism and corporatism.....
The former favours small and medium business, the latter, larger concerns, such as multi-national conglomorates....
The dark cabal plan was to destroy all small businesses,as you may have seen during the fake pandemic, "covid lockdowns." That is no longer being allowed to happen and the LIGHT is fighting back..
Roaring I also posted videos alongside my comments and they should aid you, in understanding these conservative, free-market principles...Socialism is the driving system in Kenya..?? That is the anti-thesis of free-market capitalism....Please confirm that Kenya runs such a socialist economy, which could explain why this policy approach to taxation, is unfamiliar to you...
In U.K., the cabals 'paniced', causing the pound to fall, forcing the bank to raise interest rate. So the money gotten by cut tax might as well go to the bank, in search for the high interests, rather than going to stimulate the economy, as desired.
So the 'original sin' is to let 1% of population control a country's 80% of the wealth! Like Rothschild said; If I have the country's money, then I don't care what president you elect!". Yes, you can't beat such tycoons in an 'economic war' of any sort. They have endless knobs for adjusting the economic enviroments to suite them!
"When you cut the top rate of tax, you increase revenues coming into the treasury..."
Reply:
please explain how this can happen. Isn't the tax the source of revenue?
Quote:
"When you cut corporation (business) tax, it helps small and medium size business, not just large conglomorates with clever tax lawyers..."
Reply:
agreed, and I add that taxes are also 'cut throat competition' that favours large and established businesses and destroys small and upcoming ones.
Quote:
"When you cut income tax and national insurance, people have more to spend on the economy...."
Reply:
...Minus the money the government would have spent in the same economy
When you cut the top rate of tax, you increase revenues coming into the treasury...When you cut corporation (business) tax, it helps small and medium size business, not just large conglomorates with clever tax lawyers...
When you cut income tax and national insurance, people have more to spend on the economy....Business and consumers benefit and the treasury enjoys greater revenues to spend on political projects, such as defence, infrastructure projects, NHS expenditure, etc...
"Green" taxes on energy bills, has also been slashed, annoying the WEF green meanies.....lol
"Response to the mini-budget has been 'political rather than rational' says Liam Halligan On The Money"
https://www.youtube.com/watch?v=yNC6eBSbal0
I will say that I agree with Minford.....👍🏻😁
"Professor who INSPIRED Liz Truss 'Trussonomics' DEFENDS mini-budget."
https://www.youtube.com/watch?v=S1ld10_wnrQ
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