> The Laffer curve is a political idea used to justify tax cuts for the rich. It is not based on sound economics
> Most economists know the Laffer Curve isn’t true. An IGM survey of economists found that not a single one of them agreed that a tax cut will increase revenue. They all agreed that there was little or no supporting evidence. As David Autor said: “Not aware of any evidence in recent history where tax cuts actually raise revenue. Sorry, Laffer.” Or Kenneth Judd: “That did not happen in the past. No reason to think it would happen now.”
Well, duh. You’re a high earner with no empathy, of course you’re in favour of paying less tax.
At least Boris gave that extremely thin act of pretending to care. I miss that.
What is her genuine rationale for it?
Like how would that boost the economy or solve our cost of living crisis ?
Of course this neoliberal advocate is… what do you expect.
Here’s the thing, Liz. You are an elected official, what you are in favour of, shouldn’t matter. What the people are in favour of, should matter. The people aren’t the same people who are donating vast quantities of money to your party. The people are those who are going to choose to put on four blankets and six jumpers to survive the winter.
And reducing benefits. So put together, it’s clear that she wants to increase inequality.
This is the most obvious and pathetic attempt at courting donors to a failing political figurehead i have ever seen.
She’ll throw us all under the bus for a little peace and power.
We are so fucked.
Poor people spend money, rich people store it.
She honestly could be one of the worst prime minister’s ever.
I am still in favour that you are removed from the office by Xmas.
How many times do we have to teach you this lesson, Old (Wo)man?
I thought it was not even their idea? A couple of days ago when they were trying to wriggle out of this mess it was Kwarteng’s idea.
I’m still in favour of a French style Revolution, inclusive of guillotines. Just sayin’
Say you don’t understand economics without saying you don’t understand economics.
Currently, the shortest serving Prime Minister is George Canning at 119 days.
Something tells me little Lizzy might just break that record
I’m still in favour of her entire party being paraded through the streets while we throw shit at them as a symbol of how the past few years have been with these clowns in charge!
She’s even shit at politics, neither the people who wanted the tax cut for the rich nor the people who were opposed to it are going to be impressed by a statement like this.
Liz truss needs to just fuck right off in my opinion
Well then you are a fucking idiot then Truss. Why not increase tax on high earners (just a little) and reduce tax on low earners….. just an idea. I’m sure Salah was looking forward to his extra 900k he would have made..
>Speaking to the Telegraph, Home Secretary Suella Braverman said she was “very disappointed” in those Conservative MPs who had publicly voiced concern about the abolition of the 45p tax rate, accusing them of having “staged a coup, effectively, against the prime minister”.
Oh Suella my sweet summer child
We need to stop voting rich bastards in and have someone in who understands the struggle that England and the rest of the UK is facing. Someone who understand what being poor is like.
24 comments
It’s like she’s trying to speedrun being removed as PM
> — I am sick and tired of trickle-down economics. It has never worked. We’re building an economy from the bottom up and middle out
Biden
I’m still in favour of politicians being paid minimum wage.
This is the [Laffer Curve](https://en.m.wikipedia.org/wiki/Laffer_curve) Delusion – the idea that reducing tax rates brings in more tax revenue.
Its a [crock of shit](https://whistlinginthewind.org/2012/09/07/the-mythical-laffer-curve/), of course
> The Laffer curve is a political idea used to justify tax cuts for the rich. It is not based on sound economics
> Most economists know the Laffer Curve isn’t true. An IGM survey of economists found that not a single one of them agreed that a tax cut will increase revenue. They all agreed that there was little or no supporting evidence. As David Autor said: “Not aware of any evidence in recent history where tax cuts actually raise revenue. Sorry, Laffer.” Or Kenneth Judd: “That did not happen in the past. No reason to think it would happen now.”
Well, duh. You’re a high earner with no empathy, of course you’re in favour of paying less tax.
At least Boris gave that extremely thin act of pretending to care. I miss that.
What is her genuine rationale for it?
Like how would that boost the economy or solve our cost of living crisis ?
Of course this neoliberal advocate is… what do you expect.
Here’s the thing, Liz. You are an elected official, what you are in favour of, shouldn’t matter. What the people are in favour of, should matter. The people aren’t the same people who are donating vast quantities of money to your party. The people are those who are going to choose to put on four blankets and six jumpers to survive the winter.
And reducing benefits. So put together, it’s clear that she wants to increase inequality.
This is the most obvious and pathetic attempt at courting donors to a failing political figurehead i have ever seen.
She’ll throw us all under the bus for a little peace and power.
We are so fucked.
Poor people spend money, rich people store it.
She honestly could be one of the worst prime minister’s ever.
I am still in favour that you are removed from the office by Xmas.
How many times do we have to teach you this lesson, Old (Wo)man?
I thought it was not even their idea? A couple of days ago when they were trying to wriggle out of this mess it was Kwarteng’s idea.
I’m still in favour of a French style Revolution, inclusive of guillotines. Just sayin’
Say you don’t understand economics without saying you don’t understand economics.
Time to get rid of this idiot.
https://petition.parliament.uk/petitions/619781
Currently, the shortest serving Prime Minister is George Canning at 119 days.
Something tells me little Lizzy might just break that record
I’m still in favour of her entire party being paraded through the streets while we throw shit at them as a symbol of how the past few years have been with these clowns in charge!
She’s even shit at politics, neither the people who wanted the tax cut for the rich nor the people who were opposed to it are going to be impressed by a statement like this.
Liz truss needs to just fuck right off in my opinion
Well then you are a fucking idiot then Truss. Why not increase tax on high earners (just a little) and reduce tax on low earners….. just an idea. I’m sure Salah was looking forward to his extra 900k he would have made..
>Speaking to the Telegraph, Home Secretary Suella Braverman said she was “very disappointed” in those Conservative MPs who had publicly voiced concern about the abolition of the 45p tax rate, accusing them of having “staged a coup, effectively, against the prime minister”.
Oh Suella my sweet summer child
We need to stop voting rich bastards in and have someone in who understands the struggle that England and the rest of the UK is facing. Someone who understand what being poor is like.