Unfunded Spending and the End to Prosperity

Danny Finkelstein is fighting a proxy battle for his friend George Osborne, that is why advocates of tax cuts like of Fraser Nelson, Tim Montgomerie, Iain Dale, Dominic Lawson, Nick Clegg and Guido are so willing to battle with him on the blogs and rehearse the arguments.

What is so depressing about Danny’s arguments is that they are primarily about politics rather than economics. They are not even about politics with a capital “P”, but the low politics of electoral calculation.

He has even taken on Arthur Laffer. Danny doesn’t believe there is anything to gain from promising voters tax and spending cuts. Even though strong political leadership could make the case to the voters more credible. It is because of an unwillingness to tackle the issue head-on that the Tories have allowed the vocabulary of the argument to be determined by Brown. How come we never hear much of Gordon’s unfunded spending commitments – the budget deficit? In all of this the actual merits of the case for a low-tax, higher growth economy have been ignored.

Laffer’s new book The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let It Happen reminds us that there is more to the argument than just psephology. If we want to get out of this recession faster we need to lighten the tax burden on business and consumers…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Wes Streeting speaking in the anti-Semitism debate says Jewish leaders

“will be horrified by the response of our frontbench to this debate today”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Adam Spliff Institute Celebrates 420 Adam Spliff Institute Celebrates 420
Nick Timothy Leaves Twitter Nick Timothy Leaves Twitter
Owen’s Descent Continues Owen’s Descent Continues
Producer of Labour’s Race Row Election Broadcast Tweeted About “Jewish Kapos” Producer of Labour’s Race Row Election Broadcast Tweeted About “Jewish Kapos”
UK Tech Investment Surges 115% UK Tech Investment Surges 115%
Corbyn Forgets Israel Independence Day Corbyn Forgets Israel Independence Day
Thornberry: I Don’t Accept Russia Blocked OPCW Inspectors Thornberry: I Don’t Accept Russia Blocked OPCW Inspectors
Convicted Charity Thief Canvassing for Labour Convicted Charity Thief Canvassing for Labour
Anti-Brexit Bias of Former Top Civil Servants Anti-Brexit Bias of Former Top Civil Servants
Labour Candidate Deletes Website and Twitter Account Amid Anti-Semitism Row Labour Candidate Deletes Website and Twitter Account Amid Anti-Semitism Row
Bully Bercow’s “Medicament” Slurs Bully Bercow’s “Medicament” Slurs
Government Loses Lords Customs Union Vote Government Loses Lords Customs Union Vote
Gallery Guido’s PMQs Sketch: Mission Accomplished Gallery Guido’s PMQs Sketch: Mission Accomplished
Labour Candidate’s Think Tank Defended Ken and Jackie Walker Labour Candidate’s Think Tank Defended Ken and Jackie Walker
May: Labour Took Decision on Windrush Landing Cards May: Labour Took Decision on Windrush Landing Cards
Owen Jones Calls Out Labour Nepotism Owen Jones Calls Out Labour Nepotism
Ruth Smeeth Reads Anti-Semitic Abuse from Corbynistas Ruth Smeeth Reads Anti-Semitic Abuse from Corbynistas
Three Billboards Protest Against Labour Anti-Semitism Three Billboards Protest Against Labour Anti-Semitism
Unemployment Rate Lowest Since 1975 Unemployment Rate Lowest Since 1975
Maitlis on Pointless Syria Vote Maitlis on Pointless Syria Vote