Age of Austerity ??

Fresh off the heels of Britain’s 20% VAT increase, the government continues to resist cries to find an alternative solution, claiming this is a necessary pain. But is it?

Britain’s Trillion Pound Horror Story is a 5 part documentary aired on CH4 recently, challenging this very claim.

Episodes 4 and 5 featured below convey how:

The State’s (Government’s) control of [certain] sectors deprives citizens of choice, creating a “State Monopoly” on (for example) education and health and in effect robbing the masses of choice.

The biggest State Monopoly outside of communist China, is the NHS.

For years the Government has spent more money than it generated…hence the debt. We are now told shrinking State provisions would hurt “poor people” making this “unfair”.

The state’s answer to this…yes you guessed it…more tax ! Which the government churn back into the benefits system where the same “poor people” pay as much in tax as they receive in benefits??!

Here’s the fact of the matter: “LAST YEAR, THE GOVERNMENT SPENT MORE ON WELFARE, THAN IT RAISED IN INCOME TAX!”

We should seriously re-visit the Hong Kong method, which a Briton ironically was the catalyst in creating.

In the early 60′s John Cowperthwaite turned Hong Kong around by simply believing that the best thing a government could do…was as little as possible.

He created prosperity by believing tax was an opposition to growth, thus scraping a lot of taxes and reducing income tax to 15%.

To this day, tax is paid by the “better off” in Hong Kong and “the poor” do not even pay tax.

The effect is the “Manhattan of Asia” that we see in Hong Kong today. By not punishing success, Hong Kong has continued to grow and can boast one of the best transportation systems and public sector services in the world. Why is this?….Because the government receive more income tax than they spend on the state due to the vast levels of prosperity enjoyed by all !

Posted in Political by OgeD