Comments by "Andrew Sainsbury" (@andyinsuffolk) on "Why do we give small companies a free tax ride?" video.

Sound regulation is necessary - if it's not just job creation for bureaucrats or state micro-management - ie it serves to protect the interests of the whole community. But business taxation is big-state nonsense. Tax should be collected from people when they make (or consume) their wealth - human beings who will mostly have a vote. Which means personal taxes and VAT in the UK. Collecting tax from business is just arbitrary confiscation of money that is already doing something useful. In the UK leaving it to be taxed when remitted later to staff/shareholders could be revenue neutral or even better, as well as cutting-out a huge unnecessary cost to business - tax accountancy. Without taxation businesses must surely expand faster providing ever greater personal taxation revenue.
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@davidparry5310 - Sorry I don't understand - my suggestion makes everyone wealthier. Business taxes do nothing specifically for inequality except making poor people's lives more expensive and reducing their choices. If the state has more personal income taxation revenue then the poorest can be helped even more surely ??
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@davidparry5310 - Inflation is state policy in state fiat currency models (2% etc) - it's a political decision not a consequence of free-market exchange. In fact pre-central banking the underlying price movements were just as likely to be downward as industrial technology improved. Which would have meant everybody getting richer by doing nothing as the wages they saved last year appreciated in value. The big-state is the greatest force for generational poverty - inequality is irrelevent once we have reasonable abundance and politicians make sure that will never happen on their watch.
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@davidparry5310 - Even a flat tax on income cannot be regressive and VAT varies with consumption which you should surely be in favour of if you like to control 'runaway' capitalism. Also there's nothing stopping the state using the massive increase in tax revenue to help any deserving cases. In a welfare state nobody is concerned about paying 100% of their meagre earnings in tax if they get 100%+ from state support.
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@davidparry5310 - You can research your own evidence - go to the Bank of England Inlation calculator and ask for the inflation for 1200-1900 for example and it will be far less than 1%. Only when the state uses mickey mouse money (or for wars etc) do we get generational inflation. A flat percentage Income tax cannot discriminate against the less well-off it is mathematically impossible.
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Sound regulation is necessary - if it's not just job creation for bureaucrats or state micro-management - ie it serves to protect the interests of the whole community. But business taxation is big-state nonsense. Tax should be collected from people when they make (or consume) their wealth - human beings who will mostly have a vote. Which means personal taxes and VAT in the UK. Collecting tax from business is just arbitrary confiscation of money that is already doing something useful. In the UK leaving it to be taxed when remitted later to staff/shareholders could be revenue neutral or even better, as well as cutting-out a huge unnecessary cost to business - tax accountancy. Without taxation businesses must surely expand faster providing ever greater personal taxation revenue.
1