tag:blogger.com,1999:blog-15037609.post114667282736957137..comments2023-10-01T16:53:17.274+01:00Comments on Cicero's Songs: Abroad thoughts from homeCicerohttp://www.blogger.com/profile/02090838836212624633noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-15037609.post-1146919877354877572006-05-06T13:51:00.000+01:002006-05-06T13:51:00.000+01:00I find some of the thinking on taxation somewhat d...I find some of the thinking on taxation somewhat disturbing too.<BR/>I think Laffer was correct (to me it makes total sense), especially when you take into account the increased incentives for the rich to avoid tax (and indeed, be given loopholes by the government).<BR/><BR/>Another factor of high income taxes is it discourages investment. Who's going to take the risk of investment if half or more of the returns are taken by the state? Its better just to keep your current wealth safe.<BR/><BR/>I get the sense, there's some work to be done in removing the collectivist/socialist assumptions by many in the party, plus the fact that talking about lower taxes sounds too Tory...<BR/><BR/>There is also a case for investigating whether what the state does now is best done by the state, but to suggest some things is heresy...Tristanhttps://www.blogger.com/profile/15395992764678278326noreply@blogger.com