Huh? I respect you and all, but this doesn't make any sense.
This makes complete sense. Less taxation means more money in the pockets of producers who in turn create more production and thus revenues to the govt go up because MORE is being produced at lower taxation rates. As taxation increases, businesses and entrepeneurs have less capital to work with and business rates shrink and ultimately the govt loses revenue. Then it becomes a vicsious cycle as govt raises rates to get more revenue while ultimately destroying the very thing that sustains it in the first place. This is why the "luxury tax" turned out to be a disaster for working people and for the govt as well.
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