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The Laffer Curve Wreaks Havoc in the United Kingdom

Anthony444 Wrote: Jul 02, 2012 2:34 PM
Your last line should be the first and last ! Being a good Samaritan is not a bad thing, but setting up a government system that enslaves people by enabling them to continue failed behaviors while also allowing them to vote for more government benefits for themselves is all wrong. The Bible says "give a man a fish, and he eats today. Teach a man to fish, and he feeds himself. What's so hard to understand about that? But then those idea come from the same Bible that so many people want burned, and the author's name removed from all public places!

Back in 2010, I excoriated the new Prime Minister of the United Kingdom, noting that David Cameron was increasing tax rates and expanding the burden of government spending (including an increase in the capital gains tax!).

I also criticized Cameron for leaving in place the 50 percent income tax rate imposed by his feckless predecessor, and was not surprised when experts began to warn that this class-warfare tax hike might actually result in less revenue because the reduction in taxable income could be more significant than the increase in the tax rate.

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