If they gave everyone a tax cut and not just the rich, incentivised industry and trade with tax incentives and subsidies, we would all be richer. But Brits just want more taxation to pay for more benefits
Tax cuts are not good in the long run, tax cuts means deregulation, and deregulation means less money to invest in the nhs, less money to invest in public services, less money to invest in workers and business, poor infrastructure growth, more environmental damage,I could go on and on.
Tax is good only when doing it right. The notion of tax cuts etc means increase in borrowing (which’s causes more debt and we and our kids, grandkids will need to pay even more tax) because the government has less money to pay off the national debt.
Trickledown economics doesn’t work. Majority of economists say trickledown economics is a failed project which harms the economy as a whole.