Tuesday, March 27, 2012

Shocker: Tax Hikes on the Rich Backfire in UK

Via Mark Perry, Britain's Chancellor of the Exchequer is reporting that the UK's recent tax hikes on the rich are back-firing.

Of course they are. We told you they would, not out of some theoretical notion or airy reference to supply-side theory, but from actual personal knowledge of intention. I, Donny Baseball, told you that me and my ilk would avoid taxes. I imagine what is true for me is equally true across the pond. After all, witnessing how the British government spends money would you want to just give them more of your money?


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