Quote:
Originally Posted by OLD BOY
It is well known that when you remove restrictions and reduce taxes for business, entrepreneurs respond. It is not possible to forecast how they will respond in most cases but it is possible to determine the overall likely benefit. With something big like this, and with the additional incentives Boris would put in place, the benefits could be huge.
We will be trading with more countries, not less, and our trade with the EU will remain largely the same. So the absence of the 'science' to prove the point is on your side, old chap.
The economic forecasts are heavily weighted towards the benefits we would lose, not the benefits we would gain, so these are very skewed forecasts.
---------- Post added at 08:30 ---------- Previous post was at 08:29 ----------
Polling or trolling?
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It's not "well known" if you reduce taxes on business entrepreneurs respond. If this was true why haven't taxation rates reduced to zero? If they reduced to zero, where does public service funding come from? Personal tax. Who is worse off? Individuals while multinationals hive off their profits to other countries anyway.
It's an economic theory speculative at best to shift the tax burden from the extremely well off, who take income as capital gains and dividends, to the poor who pay under PAYE.
Our trade with the EU will remain largely the same? Totally contradicts your first point. By adding tariffs and paperwork surely entrepreneurs will respond negatively?
Unless of course you are making it all up as you go along.