And if they've heard about it, they think it's a hill-shaped curve with a peak at 50 percent, because that's how it was illustrated in the Economics 101 book.
The UK is so screwed (as if we didn’t know)!
They slashed capital gains allowances to boost revenue. Instead, high earners left the country.
Receipts dropped by 18%. That’s a £2.7 billion shortfall!
Has no one in government heard of the Laffer Curve?
https://www.ft.com/content/8d8e1848-5a24-49a1-a695-2800345ff425
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