Cf. Governments for the last twenty plus years failing to understand that taxation receipts are not inelastic wrt to tax levels (excuse triple negative). “Increasing taxation far beyond the average individual’s ability to sustain is never going to affect receipts.”.
Never occurs to them that maybe why Gen Z sees no interest in working. Not sure I don’t agree.
Is that not one lesson learned in the 80s when Mrs T/Lawson(?) slashed tax rates (from 97% income tax) and doubled tax receipts.
Upvoted to the heavens. Well, one anyways.
Cf. Governments for the last twenty plus years failing to understand that taxation receipts are not inelastic wrt to tax levels (excuse triple negative). “Increasing taxation far beyond the average individual’s ability to sustain is never going to affect receipts.”.
Never occurs to them that maybe why Gen Z sees no interest in working. Not sure I don’t agree.
Is that not one lesson learned in the 80s when Mrs T/Lawson(?) slashed tax rates (from 97% income tax) and doubled tax receipts.