The success of Gordon Brown's fiscal policy is the dubious creation of ideal conditions for the Laffer Curve and its perverse effects. The point is being passed or has been passed already where higher rates of taxation lead to lower absolute levels of tax revenue.
The curve, and its curviness, is empirically unproven. Except for Russia.
The Russian introduction of a flat tax at around 10% raised total tax revenue, and we all Laffed.
It stands to reason that with a 43% average tax burden and far higher marginal rates, the United Kingdom too has become Laffable.
skip to main |
skip to sidebar
'I saw the angel in the marble and carved until I set him free'
About Me
Posts
Heroes
- Axel Leijonhufvud
- E.E.Evans-Pritchard
- Edmund Leach
- Francois Couperin
- Joan Robinson
- John Maynard Keynes
- Louis de Soissons
- Mario Draghi
- Noam Chomsky
- Pablo Picasso
- Paul Klee
- Pietro Porcinai
- The Earl of Onslow
- Umberto Boccioni
- Wassily Kandinski
- Wilhelm von Humboldt
Blog Archive
-
▼
2008
(473)
-
▼
March
(44)
- Not Content
- Basra
- Who Rules England?
- Incoming
- The Advantages of Hereditary Office
- Animal Spirits
- New Labour Old Enemies
- Someone, Anyone, Teach Him Some Manners
- Why Are British Troops at Basra Airport?
- Nuclear Expansion Offers Mutant Production Efficie...
- Acts of Union to be Disturbed
- 'British' Prime Minister Forced to Accept Heart a...
- In Heart and Conscience Free
- Jubilate
- Security Strategy Concordance
- Reserve Forces and Special Measures to Contain Jon...
- Bought But Not Paid For
- The Clinton Rush on the Ultimate
- Brass Neck at Northern Rock
- The Aristocracy of Labour
- Merit and Choice
- Do They Have to Have GCSE English?
- Managing Local Democracy
- Another Day, Another Run
- Two for the Price of One.
- Are We Nearly There Yet?
- Freedom of Conscience
- So What?
- Laffable
- All Things Bright and Beautiful
- A Tissue of Lies
- What Governance Is This?
- Angels Slightly Foxed
- Golden Slumbers
- Bestialising Humanity
- Just for England
- Then As Now
- Scotland may prefer not to be dragged into the Eu...
- Slithy Toves
- A Fool's Bauble or Representative Democracy
- Liberal Democrats Must Keep Their Manifesto Commit...
- Held Close in Brown's Embrace
- British Homes for British Workers
- Secondary School Place Allocation
-
▼
March
(44)
Fallen Angels
- David Cameron (for risking the disorderly dissolution of the Euro)
- Giorgio Napolitano (for stance on Budapest 1956: Prague 1968: Italy 2013)
- Mervyn King (for bailing-out Northern Rock)
- Nicholas Kaldor (for inventing VAT)
2 comments:
...and according to Lilith the other day, McBroon has become unfotograffable...
word ver: ezyigo !! That's me!
Using chemical straitjackets to produce conformity to neuro typical behaviour might make a pragmatically challenged, micro-managing, in denial, obsessive who is now entering the deteriorations of old age look like that.
Aging is particularly cruel to those who ape feeling rather than experience it; that unnerving pause between information in and response, while they refer data to the appropriate model they have constructed of the world and how to behave in it, just gets longer and longer; and the controls needed to stop the involuntary actions while the process grinds through does more and more damage.
If he had an ounce of common sense, which by definition he hasn't, he'd find a job kinder to his capacities.
Post a Comment