Friday, October 31, 2014

And a brilliant beam of sunlight breaks through

Every once in a while Great Britain shows there really is something left of its greatness and Prime Minister David Cameron provides an impressive reminder of that.
Writing in the Times of London, Cameron took up taxing and spending policies in comments that should lift the hearts of anyone who cares about freedom and justly earned prosperity.
A champion of tax cuts which have helped invigorate the UK's economy, Cameron wrote that it's certainly all well and good to limit the government's seizure of the fruits of people's labor for economic reasons: freeing up capital, creating opportunity, being competitive in a competitive world.  But he went one step further, saying that keeping taxes low is simply... right.
He wrote
“What is morally wrong... is government spending money as if it grows on trees. Every single pound of public money started as private earning. Every million in the Treasury represents a huge amount of hard work: early morning alarms, long commutes, hours spent on the factory floor, the office, the hospital ward or the classroom.”  
Admittedly Cameron also went a little wobbly, throwing in an obligatory genuflection to the communists by saying that the wealthy should pay their "fair share" of taxes.  (Apparently the poor and middle class should not pay their fair share, or perhaps should not pay anything).  There is also the reality that the lower rate to which Cameron's policy have brought taxes still leaves the top individual tax rate at 45%, an annual heist that would do Willie Sutton proud.
But an acknowledgement that "robbing selected Peter to pay for collective Paul," as Rudyard Kipling put it, is inherently wrong and to be minimized when possible?   This shows a heart at least in the neighborhood of the right place.  Time was, the UK seemed hopelessly, hopelessly on its way down the socialist path.  It's still in bad shape but clearly there is reason for hope.
Cameron's philosophy is an amazing counterpoint to the kind of seizure philosophy displayed by then-candidate Barack Obama, subsequently elected President of the United States.
During his 2008 campaign, Obama acknowledged that, yes, keeping taxes down improves the economy, stimulates growth and job creation and actually brings more money into the treasury.
He then rejected the idea ANYWAY.
...Even though taking less money from the productive sectors of the country would grow the economy, give more people jobs AND bring in more tax revenue.
He said it was a matter of "fairness."
So apparently the purpose of tax policy is not to help the economy or generate funds for government services but rather simply to take money away from people he thinks shouldn't have it.
Can that really be it?