Because it does not actually work like that. We know from experience that high rates of tax reduce the amount of taxation that is received. The Laffer curve is not a myth. If you put rates up, tax revenues decline.
12.15 pm
Finance (No. 2) Bill
Proceeding contribution from
Jacob Rees-Mogg
(Conservative)
in the House of Commons on Thursday, 18 April 2013.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance (No. 2) Bill.
Type
Proceeding contribution
Reference
561 cc517-8
Session
2012-13
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2014-03-31 12:19:55 +0100
URI
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