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Old December 21st 03, 09:11 AM posted to uk.transport,uk.rec.driving,uk.transport.london
Cast_Iron Cast_Iron is offline
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First recorded activity at LondonBanter: Jul 2003
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Default reducing congestion


"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.