Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-234-000"
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"en.20120419.15.4-234-000"2
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"Mr President, we would of course be delighted to have Mr Kelly in our group, maybe not as a British Conservative, but he is a great European and a great patriot and we would be very happy to have him alongside us in the ECR Group.
The way to maximise revenue from taxation is through lower, flatter and simpler tax rates. It is all very well to say, as some have in this Chamber, that we need to find ways of getting these rich tax evaders to pay their share, but the ultimate forms of tax evasion – or rather tax avoidance – that they practice are emigration and early retirement. The sad truth is that the rich do not have enough money to do all the things that modern governments want.
So when taxes on the rich are introduced, they very quickly become generalised through the population. It works every time. It worked when Ronald Reagan cut the top rates and it worked when Margaret Thatcher and Nigel Lawson did so. If you lower the rates of tax, you maximise the revenue and you also get the top decile in society to pay a much higher proportion.
People say, ‘oh, that’s only because they’re earning more’. Well yes, that is the idea – and they are thereby generating more revenue for the government to spend on things that the rest of us use.
So yes, I agree: make the rich pay more. Cut their rates."@en1
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