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Old 06-12-2011, 16:45   #37
Ignitionnet
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Join Date: Jun 2008
Location: Leeds, West Yorkshire
Age: 47
Posts: 13,995
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Re: George Osborne's autumn statement 2011

Taxing people and then spending the money for them does not and will never generate growth. People power economies not governments which is why tax reductions, not tax rises, are traditionally used to stimulate economies. The more money people are left with the more they can spend on goods and services from other people.

If it were as easy as taxing and spending more everyone would do it.

Targeted spending is fine but does not create long term growth. Increasing taxes would sap that growth.
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