excellent quote from Springheel Jack...ok I'm venturing into political rant territory here,but who cares !
http://channelsandpatterns.blogspot.com/
........... without Germany the Euro area is mainly composed of spendthrift socialist basket cases, with rigid economies and excessive taxation and spending. For anyone who feels I am being unduly harsh on socialist governments let us consider the case of (non-Euro) Britain, which was ranked the fifth most competitive country in the world on tax when the Labour Party came to power in 1997. A survey since they fell from power in 2010 now ranks the UK at 94th out of 142 countries, between Swaziland and Lesotho, and the greatly increased revenues from all those extra taxes are nowhere near enough to balance the budget, as spending increased even more massively than taxes during the 13 wasted years of Labour Party rule.
As Margaret Thatcher famously said, 'the trouble with socialism is that eventually you run out of other people's money'. Socialists describe themselves as progressive, but to my eye their main shared characteristics are that they are hostile to the markets that support every Western economy, tax and spend far too much with an underlying attitude that those with savings need to be punished, run public services for the benefit of their union paymasters rather than the service users, and encourage welfare dependency that corrodes the social fabric that they claim to care so much about. Not much progressive about that to my eye.
hear,hear...
http://channelsandpatterns.blogspot.com/
........... without Germany the Euro area is mainly composed of spendthrift socialist basket cases, with rigid economies and excessive taxation and spending. For anyone who feels I am being unduly harsh on socialist governments let us consider the case of (non-Euro) Britain, which was ranked the fifth most competitive country in the world on tax when the Labour Party came to power in 1997. A survey since they fell from power in 2010 now ranks the UK at 94th out of 142 countries, between Swaziland and Lesotho, and the greatly increased revenues from all those extra taxes are nowhere near enough to balance the budget, as spending increased even more massively than taxes during the 13 wasted years of Labour Party rule.
As Margaret Thatcher famously said, 'the trouble with socialism is that eventually you run out of other people's money'. Socialists describe themselves as progressive, but to my eye their main shared characteristics are that they are hostile to the markets that support every Western economy, tax and spend far too much with an underlying attitude that those with savings need to be punished, run public services for the benefit of their union paymasters rather than the service users, and encourage welfare dependency that corrodes the social fabric that they claim to care so much about. Not much progressive about that to my eye.
hear,hear...
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