by Dan Mitchell | Oct 17, 2010 | Blogs, Capital Gains, Tax Competition, Taxation
Here are a handful of the posters being used in the United Kingdom to fight the perversely-destructive proposal to increase tax rates on capital gains. (for an explanation of why the tax should be abolished, see here) Which one is your favorite? I’m partial to the...
by Dan Mitchell | Oct 14, 2010 | Big Government, Blogs, Government Spending, Taxation
For the umpteenth time, a Washington Post columnist has a turgid piece urging the Republican Party to embrace big government. Normally this type of column is written by a graybeard establishmentarian like David Broder or E.J. Dionne, but Ruth Marcus has decided to...
by Dan Mitchell | Oct 8, 2010 | Big Government, Blogs, Government Spending, Tax Competition, Taxation
Even though he’s allowing the budget to grow twice as fast as inflation, some people seem to think the new U.K. Prime Minster is a fiscal conservative. I’m skeptical. Not only is spending rising much too fast (there are promises of more restraint in the future, but...
by Dan Mitchell | Aug 30, 2010 | Big Government, Blogs, Government Spending, Taxation
According to news coverage, United Kingdom Prime Minister Cameron is imposing deep and savage budget cuts. I was interviewed by the BBC recently, for instance, and asked whether 25 percent spending reductions were too harsh. And here’s an excerpt from a New York Times...
by Dan Mitchell | Jun 23, 2010 | Big Government, Blogs, Capital Gains, VAT
As the chart below indicates, the United Kingdom has a large budget deficit solely because government spending has increased to record levels (OECD data). Unfortunately, the new Tory-Liberal coalition government has decided that taxpayers should be punished for all...
