this post was submitted on 18 Jul 2023
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Honestly, their biggest issue is there's not much wrong with our current tax system anyway. All we need to do is adjust the brackets for inflation, and perhaps tweak the rates a bit. We don't need a radical overhaul.
Well I have to disagree with you on this. I think there's plenty wrong with a tax system that distorts investment markets and heavily advantages people with wealth over those without by encouraging them to stash it in property, where there are a bunch of tax loopholes.
Whatever the fix for it, I don't see how it can be fixed by tinkering with rates of income tax.