As the chart below indicates, the United Kingdom has a large budget deficit solely because government spending has increased to record levels (OECD data). Unfortunately, the new Tory-Liberal coalition government has decided that taxpayers should be punished for all the over-spending that occurred when the Labor government was in charge. The Telegraph reports that the [...]
Archive for June 22nd, 2010
The U.K. Version of Meet the New Boss, Same as the Old Boss
Posted in Big Government, Capital Gains Tax, David Cameron, England, Government Spending, Value-Added Tax, VAT, tagged Big Government, Capital Gains Tax, David Cameron, England, George Osborne, Government Spending, United Kingdom, Value-Added Tax, VAT on June 22, 2010 | 12 Comments »
Tea Parties, Defense Spending, Overpaid Bureaucrats, Green Energy, and International Taxation
Posted in Big Government, Bureaucracy, Bureaucrats, Environmentalism, Government Spending, International Taxation, News Appearance, Tea Party, tagged Bureaucracy, Bureaucrats, Defense Spending, Environment, International Taxation, News Appearance, Tea Parties on June 22, 2010 | Leave a Comment »
These are the issues I discuss in this wide-ranging Fox Business News interview.
Top House Democrat Calls for Middle-Class Tax Hikes (and the real reason why)
Posted in Class warfare, Fiscal Policy, Higher Taxes, Laffer Curve, Taxation, Value-Added Tax, VAT, tagged Class warfare, Higher Taxes, Laffer Curve, Middle Class, Soak the Rich, Taxation, Value-Added Tax, VAT on June 22, 2010 | 1 Comment »
I’ve frequently argued that the main purpose of “taxing the rich” is not to collect more revenue. Smart leftists, after all, understand that there are very strong Laffer Curve effects at the top of the income scale since investors and entrepreneurs have considerable ability to control the timing, level, and composition of their income. So [...]
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