Assuming the result would be an increase in tax rates for low-income people that struggle with proportionally high fixed costs (living expenses), I would argue that these groups would be worse off than they already are since that would create an even harder strain on their already low net budget. As for high-income groups who would then benefit from lower taxes, there is no garantee that a leaner tax rate, would give an incentive to boost the economy. Most of the money gained by wealthy people is likely gonna end up reinvested in finance products and real-estate, not job creation, infra-structure and innovation or education (eg. gradual finacialization and de-industrialization of the UK).
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