Wednesday, June 23, 2010

Economic illiterates.

I listened yesterday to Radio Humberside talking to various people pre-budget.
Predictably enough,the lefties wanted 'to hammer the rich'.
If it stood the least prospect of working - then maybe. But it never has and never can! Like it or not, the rich are mostly tax volunteers!
Predictably, a trade unionist - from UNITE, I think - wanted to extend jobs in the public sector. It is almost beyond belief that anybody could possibly be that stupid! It is just like covering gambling losses by betting even greater sums!
The point is that the money to do this has to come from the PRIVATE sector - areas of wealth creation. Taxes raised from public sector workers create a broken circle where the ends can never meet!

Er ... Yes! Possibly,