THE LAST DITCH

 

I know that most of my readers are in Britain and am aware that your comments are fewer when I post about other places. Where, however, would I find a funded-by-extortion British professor uttering such words as:

No matter how robustly our tax revenues grow, government always finds a way to spend everything it collects – plus more.

I loved his comment that America would have been better off asking its physicians to reform government than its politicians to reform healthcare, since the per capita increase in healthcare costs since the 1950s is an outrageous 2,000% but the per person cost of government has risen 3,000%. To put that in context, other costs have risen by a mere 700%, which rather suggests to me that both healthcare and government should be privatised.

I would be fascinated (and probably horrified) to see a similar analysis of inflation- and population-adjusted increases in government spending since the 1950s in the UK.

4 responses to “A revenue problem or a spending problem?”

  1. Demetrius Avatar

    It depends on how the figures are structured and calculated. I get very fed up with TV using price comparisons with the past on the basis of ONS retail and wholesale prices when they are talking about things other than consumer goods entirely. Some of the figures suggested are quite barmy.

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  2. OldSouth Avatar

    Thanks for sharing this, Tom. Math is math, and is inexorable.
    One day, it will have to end, either voluntarily (we can hope) or involuntarily (I fear).

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  3. james higham Avatar

    am aware that your comments are fewer when I post about other places
    That can mean a number of things, Tom, for example just learning, rather than commenting.

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  4. Nigel Sedgwick Avatar

    Here is your requested plot. Inflation is indexed to 2005 £ Sterling and the spending is per capita: http://www.ukpublicspending.co.uk/spending_chart_1900_2013UKd_13c1li001lcn_F0t
    Best regards

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Tom is a retired international lawyer. He was a partner in a City of London law firm and spent almost twenty years abroad serving clients from all over the world.

Returning to London on retirement in 2011, he was dismayed to discover how much liberty had been lost in the UK while he was away.

He’s a classical liberal (libertarian, if you must) who, like his illustrious namesake, considers that

“…government even in its best state is but a necessary evil; in its worst state an intolerable one.”

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