Liz Truss' policies are appaling

Liz Truss wants to cut tax for the rich by almost £5 thousand, while the poor will only get a £2.3 thousand cut. How is this fair? It is simply backwards. The people needing the most help should get the most help, mainly because they need it, but also because the poor will be much more likely to spend it, therefore helping the economy more. This is yet another example of Tory favoritism, and it just goes to show how much they are in the pocket of the rich, while abandoning those that need help

I cannot stand the Conservative party however I don’t think fair is the right word to be using because in theory it’s completely ‘fair’. Higher earners pay significantly more tax for services lower earners are more likely to use. When higher earners are paying 40-60% in effective tax and lower earners less than 20% due to the personal allowance it seems perfectly fair that the higher earners will receive more from tax cuts. The true meaning of fairness would be flat rate taxation and therefore everyone would benefit equally, but it seems very fair to me if you put more into a system you should benefit more from things like tax cuts than those who don’t put as much in. 🤷🏽*♀️

Wot tax cut are you on about?

Who are 'the rich'?

Ah, yes, coz all low-paid workers are lazy sods. On a serious note, its only the top 10% getting the tax cut, who can all do without. I know this because I am part of that 10% and despite my dad being unemployed right now, we can still pay. The poor have suffered the most form tory ignorance and need more help than those who don't need it at all

In not saying they don’t need help, just simply stating the way you worded it wasn’t really correct. Who’s mentioned anything about laziness? I am a low paid worker myself whilst my parents are that top 10%. That pay ridiculous amounts in tax compared to me. It’s very simple economics, if I started a business with someone but they put in £90 and I put in £10 I can’t expect the profits to be split 50/50 because we haven’t put in the same amount.

You can't view it as a business transaction. Tax cuts are supposed to be an act of humanity. The fact is the top 10% do not need the help they get, and its just a drop of water, while for the unfortunate, it can be a game-changer. We need to switch our strategy to humanity-focused

Tax cuts are not an act of humanity they are a method of economic growth (whether they work is another matter). A tax cut is not ‘help’, reducing the amount of money you steal of someone is not help it’s the bare minimum. Tax can only be justified to a certain extent and 40-60% effective tax is not justified in any way. Tax cuts are absolutely a business transaction, it’s a way to get people to spend more and in turn actually end up paying things like vat anyway.

The major problem with the PM's policies aren't that they won't create this magical economic growth that she promises, but that she is planning to cut taxes like Reagan while spending money like a socialist.

We, the relatively young people of Britain, are the ones who are going to have to pick up the tax bill for this fiscal recklessness.

Here: https://news.sky.com/story/liz-truss-prepared-to-be-unpopular-with-tax-policy-to-boost-economic-growth-12702039

The rich are classed as the top 10% in this case

Her polcies are aimed at the tiny percentage of individuals who put her into power, not at the British public at large.

Tax cuts are supposed to be an act of humanity.

Are they...?

Pensioners (the stereotype of the electorate that put her into power) don't pay NI. Cutting it improves the lot of anyone earning over £13k. Similarly the income tax cut is only to the basic rate.

The changes to booze duty is one for the public at large too.

In not saying they don’t need help, just simply stating the way you worded it wasn’t really correct. Who’s mentioned anything about laziness? I am a low paid worker myself whilst my parents are that top 10%. That pay ridiculous amounts in tax compared to me. It’s very simple economics, if I started a business with someone but they put in £90 and I put in £10 I can’t expect the profits to be split 50/50 because we haven’t put in the same amount.

Tax can only be justified to a certain extent and 40-60% effective tax is not justified in any way.

Quite right. But if you put £10,000 into the pocket of someone who is rich, they simply put it into their offshore tax haven bank account. If you give £100 in breaks to the masses, they go out and spend that in the businesses of the rich, causing increased demand which in turn creates more jobs which in turn generates more money that gets spent back in those same businesses.

I think Milwaukie or somewhere in the states increased the minimum wage much to the protests of small business owners who were surprised when takings went up as those on the lowest wages started spending their increased earnings in restaurants and.... wait for it.... small businesses!

Tuss' tax cuts will have no impact on investment whatsoever especially as these tax cuts are being paid for by government borrowing.