'Unpostable response 3 of 3
"Dave Plowman (News)" wrote in message
...
In article ,
Keith G wrote:
That said, fie were made President of this Sceptered Isle I would
abolish Income Tax in favour of taxes on property, goods and services.
High Income Tax (a temporary measure brought in to pay for the Boer War
or summat - from memory) simply drives skill and talent abroad and
deters international companies from establishing themselves here.
What makes you think that 'skill and talent' wouldn't want to go to a
country with a lower cost of living? Because moving tax from direct to
indirect simply pushes up that.
At the personal level, I suspect a lot of people like the choice whether to
buy a (possibly) heavily taxed item rather than have their earnings
plundered before they get them, in the case of salaried/waged employees.
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