Tax cuts for big earners help to retain them as assets and they create jobs - Yorkshire Post Letters

The correspondence ‘Robin Hood in Reverse’ (Letters October 8) misses the point about tax cuts.

When applied across the board, the yield from them obviously comes from those who pay most tax. That is the object of the exercise.

People get confused with the fairness of this, which is irrelevant, and our obsession with fairness is a drag on economic development.

They should consider the effect of tax cuts on big earners, which is to retain them as assets to the economy and the country in general. They create jobs and put more money into circulation.

When the top tax rate was 83 per cent in the mid-1970s, the disincentive to work and produce was huge, and the economy suffered. Its reduction to 40 per cent by the incoming Conservatives was a huge stimulus to output and general welfare. The big picture needs to be considered, not the narrow view that many take.