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March 12, 2007

Guardian Shocker!

Really?

To this end, I have explored a scheme for judging whether the level of a community's redistribution of its wealth through taxation is legitimate - in my view taxation in the United States and in Britain is illegitimately low.

This? In The Guardian? Wow, what a shocker!

The only slight problem is that he doesn't quite explain what is the correct level. Would be interesting to know, don't you think?

March 12, 2007 in Economics | Permalink

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Comments

There is nothing stopping the Guardian's readers or staff sending any spare cash they have to 11 Downing St.

Posted by: pete | Mar 12, 2007 1:19:21 PM

The correct level of redistribution is just above the level where people are fighting in the streets asking for more. So I think we are doing about right.

Posted by: Mark Wadsworth | Mar 12, 2007 3:29:34 PM

The correct level of state extortion is the lowest level that stops non-state extortion.

i.e. an extortion minima.

It's the mirror of the Laffer curve where from 0 to x, freedom increases with state activity however after x freedom then decreases again as the state takes away freedoms.

The state is around 2+ times too large in the U.K.

Posted by: Rob Read | Mar 12, 2007 6:36:21 PM

OT but on the current referrers list is a google search for "squaddies who like cock"

Now I know you're into your paid for blogging Tim but that's just taking it too far! ;-)

Posted by: Steve B | Mar 12, 2007 9:33:56 PM