Friday, 11 April 2008

Economic suicide: How to sink into the bog

Economists, like Vince Cable, and their imitators (think Mr G Brown and Mr A Darling ;), sometimes talk about "economic drag", or the economy getting "bogged down" and Tories have for years fought for low taxes on the basis of economic efficiency, but what is this "drag" they speak of?

Well, coming up, I'll talk about:

  • What it's not
  • What it is, and it's impact on our lives, our finances and our environment
  • Why lower taxes are what we should aim for, but not the starting point
  • Where we can start: Swapping the TV license to being either an income tax or a fixed component of local taxes (like the police); replacing council tax with something efficient to collect and administer
  • The stupidity factor: The 'drag' of thousands of tonnes of letters that cost more to send than the amount of money they relate to

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