Activity

• low and high earners should pay the same share of income in tax (a proportional system;
• higher earners should pay a higher share of income in tax (a progressive system);
• both should pay the same amount in tax (a regressive system).

They were also asked how state pensions and …

[...] Receiving a lot of healthcare from the NHS does not really make people 'better off' than those who do not need that care (although the recipients would be a lot worse off if they had to pay for it privately). [...]

[...] debt was a consequence, not a cause of the problems that led to the crisis. Debt did not descend like manna from the heavens but was a conscious response by borrowers to the situation they faced. [...]

[...] One is convinced that the market will rise; the other that it will fall [...] The first person is so convinced that the markets will rise that he bets $1 million that it will be higher a year from now. Sure that he will be much richer in a year's time, he starts to spend now. The second perso…