this post was submitted on 21 Oct 2023
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Tories may also reduce stamp duty in bid to win back voters and reduce pressure on PM, reports say

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[–] orclev@lemmy.world 88 points 1 year ago (4 children)

Why is it that you never see the headline "X considers tax cut for bottom earners"?

[–] arensb@lemmy.world 51 points 1 year ago (1 children)

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.

[–] theinspectorst@kbin.social 17 points 1 year ago* (last edited 1 year ago) (1 children)

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...

[–] EinfachUnersetzlich@lemm.ee 5 points 1 year ago

Lib Dems bad though! Student fees!

[–] deleted@lemmy.world 12 points 1 year ago

The bottom must apply pressure

[–] drolex@sopuli.xyz 9 points 1 year ago (1 children)

Well it's called treacle down, not treacle up. Look it up sweetie! /s

[–] Noite_Etion@lemmy.world 13 points 1 year ago

Molasses economics 101 /s