Tax Cuts only seem to help in the short term... Thatcher's tax cutting and manic de-regulation in the '80's actually weakend the UK's economy (3 million on the dole and so on).
Although the fact that she wasted the North Sea Oil money on attempting to balance the budget (looking fiscally responsible was needed to get re-elected) can't of helped...
The UK got a few boom years in the mid-late '80's, before the bust in the late 80's-early 90's.
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Tax cutting works long term.
Examples?
Calling Jim Callaghan a "loony socialist" is a bit off...
But the total revenue taken from tax is actually higher now than it was in 1979... More people get stuck in higher income tax bands... (cunning, eh?)
Opebo... I challange you to go to the Rhondda Valley in South Wales, wearing that printed on a T-shirt.