It was the same old story this Wednesday as the UK government had its annual spending budget review. Gordon Brown is the latest Chancellor of the Exchequer to indulge in the paradox of more wealth redistribution whilst at the same time claiming to be the god-like sustainer and stimulator of the British economy. I grant that he is good at taking other people’s hard-earned cash and spending it on inefficient and bureaucratic enterprises such as public health services. But I deny that he is anything remotely close to a stimulator of the economy. Like almost all his forebears, his actions … Continue reading The Limits of Taxation