"Doki" wrote in message
...
"Oliver Keating" wrote in message
...
2) It would actually be impossible to raise enough revenue if everyone
was
taxed to the same %age because the rich provide a disproportionately
large
chunk of revenue.
But if you reduce the tax burden surely you encourage enterprise, which
moves more money around the economy and thus you still get your tax. I am
not an economist, but AFAIK there are still arguments about high vs low
tax
. The rich will always provide you with more revenue per capita as
they're
spending and earning more cash.
That was Thatcher's theory, it didn't work.