So, I was all excited to see what a nation forced to cut its deficit would look like. As I read further along, I became totally disheartened. The article is way short on specifics regarding the cuts that will be made, but very explicit about the way taxes will rise all over the godamned place (VAT, Cap Gains, Income, industry, you name, they'll tax it - the Beatles were correct, although Sir Paul as a billionaire seems to have had a change of heart, but I digress...).
Most discouraging is Britain's stated plan to create/extend a permanent underclass that pays no income or payroll taxes at all. As we see in the U.S., this is a recipe for building an entitled majority that allows a productive minority to finance their welfare. No incentives for them to improve their lot.
What could have been a great look into the future of our own country as the Chosen One and his merry men abandon all fiscal restraint and continue to generate huge, generational deficits, became just another manifesto on how to raise taxes. A truly wasted opportunity.
Tuesday, June 22, 2010
What a disappointment...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment