The problem about taxing corporations more is that in the end, it isn't the corporations who pay. Their customers - you and I are the ones who pay. They simply put up the prices.
At the last budget, Rachel Reeves taxed employers by increasing the NI they had to pay on every employee. But who really paid that tax?
They got £25 billion for the exchequer, but YOU and I are paying for it.
I listened to a senior executive of a large supermarket firm being questioned the other day about food price inflation and why it was happening when the price of food commodities is falling. He pointed out that their profit margins were incredibly low - around 3%. The reason food is galloping upwards in price is the budget.
Reeves through the tax on jobs and Rayner on the increase in wages she lobbied for.
They have also made unemployment rise.
The welfare state is a giant Ponzi Scheme. Benjhamin is dead right there. The promise of ever widening support guarantees that governments can't meet the bill. This is a strong reason why no government really has tried to lower migration. They NEED more mugs to come and pay taxes and hang the other consequences, such as social disruption, massive pressure on housing, and ridiculous levels of house price and rent inflation, pressure on public services and so on. Like all Ponzi Schemes, it can never work, unless you recruit more 'investors'. They can't get the money through taxation without destroying the economy. When I was born the UK population was 50 million. Now it is 70 million.
As Benjamin Franklin said a couple of hundred years ago - once the people can vote themselves money the republic is stuffed.
At the last budget, Rachel Reeves taxed employers by increasing the NI they had to pay on every employee. But who really paid that tax?
They got £25 billion for the exchequer, but YOU and I are paying for it.
I listened to a senior executive of a large supermarket firm being questioned the other day about food price inflation and why it was happening when the price of food commodities is falling. He pointed out that their profit margins were incredibly low - around 3%. The reason food is galloping upwards in price is the budget.
Reeves through the tax on jobs and Rayner on the increase in wages she lobbied for.
They have also made unemployment rise.
The welfare state is a giant Ponzi Scheme. Benjhamin is dead right there. The promise of ever widening support guarantees that governments can't meet the bill. This is a strong reason why no government really has tried to lower migration. They NEED more mugs to come and pay taxes and hang the other consequences, such as social disruption, massive pressure on housing, and ridiculous levels of house price and rent inflation, pressure on public services and so on. Like all Ponzi Schemes, it can never work, unless you recruit more 'investors'. They can't get the money through taxation without destroying the economy. When I was born the UK population was 50 million. Now it is 70 million.
As Benjamin Franklin said a couple of hundred years ago - once the people can vote themselves money the republic is stuffed.
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