What's yours is theirs.
Ponder the graph above. Sixty-nine per cent of Labour supporters would want a top rate tax of 50 per cent even if it brought in no money.
I’m sure they’d dispute the premise. I’m sure they’d insist that it did bring money in. And, on one level, they’d believe it; it’s human nature to start with the result we want and then rationalise it to ourselves with what look like hard data. I think their rationalisation would be false, obviously – once the behavioural consequences of the tax are factored in, it becomes a net drain on revenue – but I might be subject to my own confirmation bias in the other direction.
more
Labour supporters admit it: taxes are to punish the rich, not to raise revenue – Telegraph Blogs
Ponder the graph above. Sixty-nine per cent of Labour supporters would want a top rate tax of 50 per cent even if it brought in no money.
I’m sure they’d dispute the premise. I’m sure they’d insist that it did bring money in. And, on one level, they’d believe it; it’s human nature to start with the result we want and then rationalise it to ourselves with what look like hard data. I think their rationalisation would be false, obviously – once the behavioural consequences of the tax are factored in, it becomes a net drain on revenue – but I might be subject to my own confirmation bias in the other direction.
more
Labour supporters admit it: taxes are to punish the rich, not to raise revenue – Telegraph Blogs
