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Monday, June 02, 2008

Tax Freedom day

For those of us in the UK, today as the Adam Smith Institute reminds us is Tax Freedom day. The day we actually start working for ourselves and finally finish paying for the government expenditure. As the ASI points out this day is steadily increasing and is now a week longer than it was in 1997. (It was April 27th in 1965).

Governments of all persuasions should remember Colbert's maxim on taxation. He said that the art of raising tax is to ensure that you pluck the feathers without the geese noticing.

Looking at recent headlines, - I think the geese have and they have a sharp bite.

If you'd like to read more, then click on the title to this post.

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