http://socialliberal.net/2010/03/15/no-tax-rises-ever-say-it-aint-so-nick/ Mon, 14 May 2012 12:08:19 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://socialliberal.net/2010/03/15/no-tax-rises-ever-say-it-aint-so-nick/comment-page-1/#comment-2026 Yevgeny Primakovy Thu, 08 Apr 2010 15:55:40 +0000 http://socialliberal.net/?p=387#comment-2026 Yes, but the problem with tax rises is that they take money out of the 'productive' areas of the economy - i.e., those areas that actually generate revenue, particularly foreign exchange revenue, and they replace this with what Labour calls 'investment' but which is actually spending. Vital public services need to be protected but we can't just keep taking taxes whenever government overspends. This is a vicious circle and one which us LibDems need to avoid. Yes, but the problem with tax rises is that they take money out of the ‘productive’ areas of the economy – i.e., those areas that actually generate revenue, particularly foreign exchange revenue, and they replace this with what Labour calls ‘investment’ but which is actually spending. Vital public services need to be protected but we can’t just keep taking taxes whenever government overspends. This is a vicious circle and one which us LibDems need to avoid.

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