Saturday, 10 June 2006

Lib Dems and tax cuts

A few days ago, "Ming" Campbell's Lib Dems proposed to lower income tax. This is distinct from the policies they had in the 2001 and 2005 general elections, in which they stated they would raise income tax for those earning over £100,000 per annum. The tax shortfall would be made by increasing "green taxation" on cars and the airline industry.

These moves don't seem impressive at all. Of course, the Lib Dems will remain a party of big government, dedicated to force against the individual. They are social liberals, after all...

All taxation is ultimately theft. As a market anarchist, I would naturally favour the abolition of all taxation. As for green taxation, let the market decide. If there is a demand for environmentally friendly cars, then someone guided by self-interest would create a supply to meet the demand.