Quote:
Originally Posted by blankall
It is stimulating growth in your own country. Like I stated the Isle of Man has a virtually non-existent poverty rate. GDP is $80k USD per capita, about twice that of the UK.
Why does it matter if that wealth is coming from an outside source? The question was, can the population benefit from tax cuts designed to give people at the top more economic growth, of course they can.
Once again, it's a matter of the quality of those tax cuts. Tax policy always needs to be directed, as it has a profound effect on behaviour.
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saying the Isle of Mann has a non existant poverty rate is like saying the British properties has a non existant proverty rate, it has a population of 80,000 odd about half of whom are just multi billionaires who moved there to live on a yacht, it has no industry or internal economy beyond being mail box drops for corporations and taking care of the billionaires, prior to dropping its taxes to copy the Channel Islands it was a farming/fishing community of around 45,000 that made half its income from the motorcycle race, it had no poverty then either frankly it just wasnt full of billionaires