Thursday, March 13, 2008

Abolishing taxes is silly?

The Adam Smith Institute's Dr Eamonn Butler comments on the Budget and the growth of government in general, and concludes that were NuLabour not such awesome fucking spendthrifts, we could cut a lot of tax. [Emphasis mine.]
As usual, the Budget speech was significant for what the Chancellor did not say. He did not mention that government spending will soar to £600 billion this year – that's £10,000 for every man,woman and child, twice as much as in 1997. Is the average family of four really getting good value for the £40,000 it pays out? Is the state catching twice as many criminals, doubling educational achievement, or treating twice as many NHS patients?

No. The vast majority of the money—our money—has been pissed up the wall.
If the government sector had grown only in line with inflation, rather than far above it, taxpayers would be £200 billion better off – enough to abolish income tax, corporation tax, capital gains tax and inheritance tax. Just think what that would do for our international competitiveness.

Indeed. And think what it would do for the general wealth of the population.

In fact, I did a fairly detailed analysis of the figures a while back. The government has spend huge amounts of cash and, were we to roll back the state, all sorts of taxes could be abolished...

9 comments:

Roger Thornhill said...

One wonders what Young Master Dale will say to that...

Mark Wadsworth said...

DK, if you want to do a quick calculation of the total tax and employee's NI payable by a higher rate taxpayer, what you do is knock off £13,838 and times it by 41 per cent, you can check this here.

Anonymous said...

This blogsite could be much better if you would hire someone to make the layout better. At the moment anything useful you have to say is undermined by a layout which looks like it has been done by a 12 year old.

Devil's Kitchen said...

No, this site has been designed by someone who is far too busy earning money designing other people's sites to bother attending to his own.

And, by the by, you would be welcomed more readily here were you not so fucking rude...

DK

little davey cameron said...

Anonymong at 07:08, if you're so good and you've got the right to slag everyone else off, why don't you get your own site and show us how design should be done?

Longrider said...

Actually, the design is easy on the eye and rather clean. Certainly an improvement on the earlier incarnation.

Sir Henry Morgan said...

Personally, I like it - on the KISS principle.

John Trenchard said...

fuck off anonymous. site looks just fine to me. its the content that matters.

a reader of iain dale's blog points out that the government will be spending £1700 million PER DAY...

yes - you read that right.

£1.7 BILLION PER FUCKING DAY....

via here

"The government will next year spend £1700 million a day. A day! £681 billion in total. Benefits will cost more than the total take from income tax. The NHS will cost more than the total take of national insurance. Education spends the total take from VAT. It’s absolutely out of control"

Anonymous said...

I wish they would show the actuall figures on the news of what they spend the money on per department. They should be independently audited by someone who can count. How much of the Tax pays for the Tax collection itself and the pensions, holiday pay, sickpay and yearly increases for workers who would never get paid the same amount in the private sector.

I meet many local government workers and they are usually earning £30K plus but when I ask them what they do they are never that sure. Middle management passing paperwork around rather than collecting the fucking rubbish bins every week.

I feel a Guy Fawkes moment coming along soon. How long until someone decides that the current political piss take must end.

Wastefull Wastefull fucking cunts that they are. Our society seems to promote lying, cheating self obsessed ball bags in all main political parties. They talk a good game but deliver absolutely fuck fuck all.

Now where's that fertiliser?