View Single Post
  #73   Report Post  
Old December 21st 03, 04:29 PM posted to uk.transport,uk.rec.driving,uk.transport.london
Martyn Hodson Martyn Hodson is offline
external usenet poster
 
First recorded activity at LondonBanter: Dec 2003
Posts: 2
Default reducing congestion


"Cast_Iron" wrote in message
...

"Greg Hennessy" wrote in message
...
On Sun, 21 Dec 2003 09:11:09 +0000 (UTC), "Cast_Iron"
wrote:


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.


Oh really ? That explains why the tax take increased by nearly 50% when

the
60% band was abolished.

It also explains why the top 10% of tax payers are now paying close to

40%
of the overall take compared to just over 20% at the height of so

socially
equitable rates of 98%.



But they don't spend more cash. Everyone has certain needs, once those

needs
are met their surplus cash sits in the bank or wherever they choose to put
it.


but that somewhere can include
direct investment in new business
investment in venture capital orgs
investment in banks, building socieites and other financial services
providers
all of which has a varying effect on job and wealth creation


---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.551 / Virus Database: 343 - Release Date: 11/12/2003