I just finished up a trip to London.
In previous posts, I’ve expressed pessimism about the future of the United Kingdom, largely because all political parties have a statist mentality.
I criticized Gordon Brown, the former Labor Party Prime Minister, for being a compulsive redistributionist, big spender, and taxaholic.
But nothing’s really changed under Tory leadership. David Cameron is a vacuous statist, undermining the Conservative Party in the same way that George W. Bush eroded the brand name capital of the Republican Party.
This sign was on a train I rode today. It is sponsored by the UK version of the IRS, and it pretty much symbolizes how the United Kingdom has turned into a predatory state.
The United Kingdom is in terrible fiscal shape. Government spending has reached record levels, and now consumes a larger share of economic output than the public sectors in failed welfare states such as Spain.
And what are taxpayers getting for their money, other than Orwellian signs?
They also get a healthcare system that seemingly prides itself on maltreatment, and a tax system that is more designed to be punitive rather than to generate revenue.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 20th, 2014 | John Ransom
11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for August 19th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 18th, 2014 | John Ransom