Originally Posted by
Balance
Great question from Sir Ian Taylor to Chloe … think she will take the opportunity given to her to answer?
He is referring to a real life business set up by a wealthy individual and which now pays $40m in taxes a year.
“That is $40m in tax, annually, generated by one person who had the courage to build a business and create those jobs. Yes, he is wealthy (I prefer “successful”) but how many people can you identify in that debating chamber who generate that much revenue for you to spend, every year?
This leads me to my final point.
The annual tax take is $113 billion a year. Of that, $19b is spent on health, $17b is spent on education. Both are on the verge of collapse.
So, Chlöe, my question of you is: When will you start to give those who take the risks to create jobs that pay tax the confidence that, were we to pay more, you will spend it well and not pour it down a seemingly endless drain with little or no accountability?
Sir Ian Taylor is the founder and managing director of Animation Research.”