Making Money cover image

Why wealth taxes fail - and what we should do instead

Making Money

00:00

Understanding Tax Misconceptions

This chapter delves into the misconceptions surrounding the Laffer curve and its effects on taxation, challenging the notion that higher taxes always deter work. It explores the complexities of the UK's tax system, particularly around VAT thresholds and their impact on small businesses, while also suggesting reforms to foster economic growth. A humorous discussion about the tax status of Jaffa Cakes highlights the absurdities within tax classifications, calling for a more rational approach to tackle inefficiencies in the system.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app