henbet22 wrote: ↑
Sun Jun 26, 2022 11:37 am
The differential tax treatment of employees, the self-employed and company owner-managers creates a tax system that is complex, unfair and inefficient
. Ideally, a new government would set out a long-term vision for how to tax different ways of working. Even if the next government does not wish to take action to improve the tax system, it will have to face the public finance consequences of growing numbers of individuals choosing to work in more lightly taxed forms.
This is the problem with think tanks, it's all paperwork and theory, not practical.
If you forced small business owners to pay themselves minimum wage most would go bust. Force them to become a 'normal' employee and it doesn't work.
Just in the same way that if you force all employees to act like small business owners it wouldn't work.
These are people that took the risk and consequences of going out on their own and having the drive to make it work. Despite that, many still fail, but the government still gets it's rake from them.
Only a few really succeed in a spectacular way and then become punch bags for higher taxation.
If you focus on equality of outcome, you will kill all innovation and risk taking. It's a bit like penalising a sports person because they trained harder than their opponent who sat on the sofa smoking 20 a day, while downing a few beers while eating his takeaway.
You could make everybody level in that respect, or create incentives for people to get off the sofa.
If you want an easier life it's there, but don't expect to get paid the same as other who decided to do better.