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the tories proved many years ago that lowering taxation actually increased the net income from taxation because people are less likely to try to avoid paying it. That is a demonstratable fact. I have no idea if this strategy will get us out the crap, but it's not without solid evidence to back its use up. With regard to bonus payments for bankers etc. If we don't pay the same as they can get in other countries we won't get the best people, thats another fact too