| 21 August 2007
So the Tories, the UK's only hope of low taxes, have joined the governing socialists
on a Colbertian European platform of high tax and high spending.
The party's still youthful John Redwood, who last held office unimaginably
long ago in the days of supply-siders (remember Newt?), reminded his colleagues
that cutting taxes stimulates an economy. But the cloth-eared shadow cabinet
is stuck in an even more ancient time-warp where they rub shoulders with Ted
Heath and Harold Wilson.
There is plenty of evidence, even in Europe, that low, flat taxes are economically
empowering, in Ireland, Russia, Iceland, Estonia for instance. But few politicians
are economists, and they normally prefer spending money to saving it. For a
politician, more tax equals more bureaucrats, more pork and more power.
So the UK will continue its graceful decline into irrelevance, presided over
by ever more expansive spending ministers delivering ever more expensive and
ever less effective public services. This sad process was briefly interrupted
by the Blessed Margaret, but the benefits from her reforms have now been blown
away by a series of uncomprehending successors, both Tory and Labour.
'The bright day is done; now we are for the dark.'
You have been reading an entry on the following blog:
Jeremy Hetherington-Gore Unleashed
Jeremy tackles the difficult issues head on!
Contact: jeremy@lowtax.net
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