So this implicitly recognises that tax cuts boost economic activity. So why not extend that thought and cut taxes everywhere?
Now we know that this is about making some areas less tax costly than other areas. Fair enough. I can see what they are trying to do, but the way they are going about it...?
Since the prime tax cost difference area to area is 'rent' - which reflects itself through the productive factors of production - labour and capital - you'd thunk it bleedin obvious just what to do nationally.
Or have I missed something, again?
Wednesday, 13 May 2015
My latest blogpost: More Not Seeing the Bleedin' ObviousTweet this! Posted by Lola at 11:54