The question is more about where we draw the line of taxation Vs fairness. Everyone expects to pay tax, but the question is how much.
A problem for Reeves is that sheās only appeared to come clean about her budget when pressed in interviews. If there had not been external pressure then she would have continued to claim her budget didnāt affect 'working people '. Which is why many think there IS a problem.
I mesnt the only way to make trickle down economics work is tax.
Tax is (theoretically, at least if you have a government in power that is willing to do the job) the mechanism for implementing trickle down economics.
Whose wealth is derived from the most brutal of tyrants. There you go. Fixed it.
In their defence they were guided by the hand of god. Dieu et mon droit not to pay taxes like the common people.
Iām a bimbo and the NI increases were obvious even to me as likely to keep workers down.
Having worked in that environment a lot, and having really seen it feom the inside, I waited in vain for the money boys in the City of London, and that whole ecosystem-, to start paying a bit more Not even their fair share, just a bit more.
Both Conservative and Labour Chancellors have disappointed me in not even beginning this.
However Rachel Reeves did produce a clever budget that actually looked like it had figures done properly behind it. I live in hope that sheās decided that like the reparations due to ambushed Waspi women, her first budget was not the time to deal with what is needed and that she also has a plan to make the true fat cats the country hosts pay a tiny bit more out of their whopper profits for their use of the UK infrastructure.
But by definition, trickle down economics implies lower taxes, where it is the rich that mainly benefit. In that way, by the theory, the money that the rich donāt pay is used by them to create more jobs and higher pay and so the money trickles down the economy to those at or near the bottom. Of course that doesnāt happen at all. As you imply, a much better way is for government to make sure that the money raised by higher taxes gets directed towards those most in need. That however is heresy to the right wing Tufton Street idiots.
Trickle down always was a crock. If you want the wealthy to share with the poorer, you need to tax them. Cos it aināt happening any other way. (And even then itās cat and mouse taxing them.)