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Rishi Sunak considers tax cut for top earners after byelection defeats
(www.theguardian.com)
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this post was submitted on 21 Oct 2023
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Why is it that you never see the headline "X considers tax cut for bottom earners"?
I’m pretty sure I saw that headline, with X = Obama or Elizabeth Warren or someone. Then it got shot down because… Idunno, they probably would have blown it all on rent and food and car repairs instead of Job Creation.
Yes those rich people care about job creation for people.
In the UK - that was a Liberal Democrat policy going into the 2010 election that was then implemented during the Coalition government. They increased the tax-free personal allowance, which effectively took two million of the lowest paid out of paying income tax altogether. It was hugely popular, and so the Tories later tried to claim credit for it even though it was literally something the Lib Dems forced onto them at the expense of some of the tax cuts for the rich that the Tories had wanted...
Lib Dems bad though! Student fees!
The bottom must apply pressure
Well it's called treacle down, not treacle up. Look it up sweetie! /s
Molasses economics 101 /s