Why tax cuts are unlikely to help Britain address its current crises.
Tax cuts or increases, that is the question and not one to really answer, for when looked it is a generalisation and not one directed at certain communities.
In the UK there is much more of the population which is regarded as poor and on low incomes than there are the, so called, rich.
So a tax cut means more in the ability to spend for the poor, i.e. those poor who pay taxes as opposed to the poor whose income is below the taxation starting point.
While tax increases make the poor so much worse off, than the rich, especially if the tax brackets are not increasing in line with inflation, which they have not been, in fact for a few years they have been frozen, which effectively bring more people into taxation.
Ideally, taxes for the rich should increase, while for the poor they should reduced. Also, inline with all this welfare benefits should aways be increased yearly and, at least, inline with inflation.
It is so wrong that the poor get poorer, while the rich get richer, it should be that all get richer, with the poor increasing quicker than the rich, there in doing so the gap between the poor and rich be reducing, whereas, it currently is increasing.
Salaries for so many in the UK are far too low, especially in care and this needs to change so much so that even low salaries are more than sufficient to live on, thereby reducing the need to claim some benefits to reduce the gap to enable reasonable living.
Source: Cost of living crisis: the UK needs to raise taxes not cut them – here’s why