Quote:
Originally Posted by jaysay
The only thing with these tax cuts is the massive borrowing to pay for it, we are already in debt to the tune of around £60 billion (the biggest debt in our history) and we will have to pay it back. Its the idea that by putting more money in the pockets of the the less fortunate, they will spend more, but will they. A lot of the people in this category are pensioners, who are far more thrifty than most and are likely to put the money away in order to pay for things when the inevitable increases appear
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Ah now that's more like it...same old view..should we try the old Tory "Trickle Down" policy by giving cuts to businesses hoping the extra money will somehow seep down to the less well off?....if tax cuts are given to the already well off they are likely to spend it on a nice foriegn holiday or private school fees etc...nice!
