Comments by "jim 99" (@jim-es8qk) on "Just the Tories telling you they won't U-turn on corporation tax" video.

raising taxes doesnt always increase revenue. It often disensetavises the biggest contributors and you end up with less tax and less growth.
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@antispindr8613 But the top 20% of earners contribute 80% of the tax. The more barriers you put up the less likely they are to earn. Its all ready happening in places like California, they put up taxes and the rich left and moved to Texas, they ended up with less tax revenue. I want good school and a NHS.
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@antispindr8613 Tony Blair had a 40% tax rate for higher earnings. Record revenue and it encouraged investment. We had free tuition fees, prescriptions, balanced books, comprehensives and a booming economy.
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@antispindr8613 Well it was a period of stability, growth, low debt and investment. Tax rises lead to inflation, disincentive investment, spending, stop businesses hiring and stop productive people being productive. This isn't theory. This was why the 90s and 00s were such great times!!
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@antispindr8613 I paid 1000 a year for my tuition fees!! I went to a comprehensive and had good teachers. Free prescriptions were still a thing. Get businesses and individuals earning. Get them paying tax!! 1 pound at this time equaled 2 dollars.
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@antispindr8613 Businesses blame tax raises for one of the big contributions to price rises. Costs increase, they pass it on to consumers. If businesses have more money they invest more, hire more people and expand. On a individual level VAT moving from 17% (pre 2007) to 20% is huge!! Billions have been taken out of individuals pockets. National insurance hikes too, a £250 hike multiple by 40 million is a tremendous amount of money. What is happening are individuals and private companies are slowly been disensetavises and strangled! You need a strong private sector for a strong public sector. This types of policies historically have never worked. People just give up!!
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@antispindr8613 If they hire more people businesses make more money!! You pay employees well and treat them well they do a good job and will help the business make more money. If businesses make money they pay tax which is used to pay for a good public sector.
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@antispindr8613 .....and if you tax them to hard (which we are) businesses give up and nothing works!! Our economy hasn't grown an inch since 2008, coincidently since we went ftom 40% to 45% for higher earners and increased vat to 20%!!
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@antispindr8613 think their is alot going on. You keep talking about large business not paying tax. Fine. We have 5 million small businesses in England, they have to pay tax and they are being screwed. We have a well educated, motivated work force and for a period we had a good business environment. The stuff you are spouting sounds like a A level economics text book (no offence)
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@antispindr8613 Most small businesses have gone contactless and have to submit a digital vat return. HMRC know everything. All small businesses now also get charged 1.7% for every contactless transactions. Under further investigation I was told PayPal run the service. PayPal get billions of pounds for doing absolutely nothing. This also adds to inflation.
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@antispindr8613 Small businesses can no longer escape tax. No one carries cash anymore and all have to submit a digital tax return.
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