Madsen Pirie Madsen Pirie

Theft by instalments

The government is reportedly considering the introduction of a wealth tax. A wealth tax is a tax on the net worth of individuals - that is, the value of all assets minus debts.

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Madsen Pirie Madsen Pirie

John Cleese and nostalgia

John Cleese says the England he grew up in has gone, and with it the civilized courtesy and rhythmic way of life. But there a case for saying he has overlooked some of the bad aspects then, and that in some ways life is better today than it was then.

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Tim Worstall Tim Worstall

Running out of money? Spend more!

So says the New Economic Foundation: We are approaching a fundamental choice: do we continue trying to appease the markets by clinging to a set of self-imposed constraints that block the kind of spending needed to improve living standards and revive growth?

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