Obama and Will Hutton live in a world outside of economics. Successful people don't owe the state.

He argues that Obama has failed to recognise the importance of people being able to enjoy the fruits of their success. If we want to encourage others to take on the risk of starting and building their own businesses, we need a low tax rate to make that risk worthwhile.

You can read Tim's article in full here


Tim Worstall writes on Telegraph.co.uk on Obama's comments that the state enables all business success and therefore everyone who is successful owes everything to success.