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To an extent that is probably the case, Paul, but is it in the interests of businesses to be coughing up ever more tax to pay the cost of Public Debt?
Does this not lead businesses into bankruptcy?
Next year, the cost of the Debt may be around £55 billion. Surely the taxes that are being paid to cover this gigantic sum are draining those who run a business.
Barry always says: cut taxes! Cut public spending!
But Barry never explains how cutting taxes will bring up the 50 odd billion quid a year we need to pay interest on the Debt.
Oh don't get me wrong! I try to understand Barry's logic, but can't see where it adds up.
The spending cuts of 2011 were by far inferior to the interest paid that year on the Debt.
So Barry is not offering a solution when proclaiming spending cuts, is he? As these cuts do not remotely cover the massive cost of Public Debt.
So it is a flawed solution, and Barry has not really explained anything on how to save us spending each year tens of billions of pounds (tendency increasing) on the Debt to cover interest.
I wish Barry would come along and give an explanation, and if it were credible, I'd also give him the credit.
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