The size of a Government is equal to the size of our financial problems
Why does Government have to be bigger and bigger each year – and have a greater and increasingly say on our daily lives? Don’t buy the security argument – “we have to protect you from the baddies”. Big Government attracts enemies some of whom are violent – others simply fed up and disillusioned with their political “masters”.
What is it that politicians know that we don’t? Government’s all over the world have been on the growth march for decades – it seems that they can’t wait to spend our new wealth – nowadays they even spend the wealth that our children have not yet created!
They are hooked on spending; they have become spenders on benders. They have also realised that they can steal our money and give it to wealth destroyers who in their non-jobs will vote them in next time around. The non-jobbers are supported by the no-hopers who have also learnt that they can steal our money by way of Government handouts and “social welfare” payments. The politicians themselves have realised that they can milk the system to their own personal benefit. Expenses are over-generous and are allowed to go unchecked. The European Union leads by example in their utter disregard for any semblance of thrift or control of our money.
Have you seen a scruffy politician recently? Michael Foot may have been the last politician who could not be accused of over spending on their wardrobe. Across the globe politicians’ parade in their expensive suits and fashion accessories. Setting a wonderful example to the public many of whom could not afford a pair of their laces. Remember the days when Maggie Thatcher, Ronald Regan, Winston Churchill and other great leaders were not frightened to speak the truth – even if it was hard for us to swallow.
Today’s beautifully coutured political elite with their essential tele-prompter and gang of speech writers stride our world stage protected by hundreds of security guards sitting in their armour-plated limos, ordering their massive personal jet over New York for a picture that will look nice. They own our languages to the extent that they never say too much of content – just enough to make them sound and look good.
So what’s the solution? Well maybe it lies in cutting off the pipeline that is feeding them! The British run India with fewer managers than your local supermarket has today. So let them eat gruel – after a few thousand years of paying taxes to Governments – they have done much too well out of us – so how about putting the whole thing in reverse? Taxes – after all – are the worse form of investment any of us will ever make. Try paying the Government your taxes for 40 years and see what state pension they pay you. You would be better off putting the money under your mattress and hope they don’t find it!
Let’s drop taxes by 5% every year until politicians dress like the rest of us, walk amongst us without security guards, fly with us on airlines as bad as Ryanair and put us first.
Fewer politicians + substantially less state employees + less consultants + a ban on Government borrowing + living within our means + less Government interference = wealth creation. Why don’t we just try it? No – that would be too easy!
The Laffer curve is the economic model that purports to demonstrate that by decreasing marginal tax rates, tax receipts may actually increase. It is a central concept of supply-side economics, famously denounced by George H.W. Bush as “voodoo economics” during his Republican presidential primary run against Ronald Reagan. Setting aside the debate over what constitutes an “optimal level of taxation” and the Laffer curve’s other political implications, Maryland provides a good example of how “soak-the-rich” tax policies can lead to disastrous fiscal results.