Margaret Thatcher Explains Kamala Harris
Freedom and Truth-Loving Patriots, We Have Some Big News
Vote for Donald Trump
New York's Attempt at Banning Guns on Private Property Loses in Court
Hit Piece Over NRA Staffer's Murder Shows You Don't Hate Media Enough
Georgia University Leaders Ask NCAA to Ban Transgender Athletes From Women’s Sports
Democrats Have a Problem With Male Voters. Scott Jennings Has Some Thoughts on...
Trump Takes Significant Lead in State Democrats Held Since 2004
Polls Show Even More Bad News for Kamala Harris in Critical Swing States
Video Shows Coast Guard Rescuing Man Clinging to a Cooler 30 Miles Off...
When Kamala Harris Did Her Vogue Cover Shows How Out of Touch She...
Trump Is the Only Candidate With a Plan to End the Addiction Crisis
Tim Walz's Wife May Have Bested Him for Weirdo of the Year
Amazing: A California Democrat's Hilarious Advice for Kamala Harris
Popular Sci-Fi Franchise Unveils ‘Transgender’ Character
Tipsheet

Soaking The Rich Doesn't Work In Britian

Boris Johnson, the mayor of London, talks about Britian's debate over the re-installation of the 50 percent income tax. The dark ages of the 70's were overcome by Margaret Thatcher's cutting the top rate of tax to 40 per cent, which caused the country to be transformed from a "sclerotic militant-ridden basket-case to a dynamic enterprise economy."
Advertisement


Why? Because the lower tax rate attracted four of the world's six leading law firms, jump-started the Cool Britannia phenomena, and provided the impetus for everything from the engineering sector to the advertising industry.
Labour wants to portray any opponent of the new tax as a thoughtless defender of the rich. We are not. The truly rich will get a smarter accountant or buzz off to Zug. What we want to protect is the spirit of enterprise that has been so vital in reviving this country in the past 25 years, a revival that has helped all sectors of society.
China, Germany and Australia tax their rich at 45 percent, France at 40 percent; and the U.S. is at 35 percent.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement