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"All really great things happen in slow and inconspicuous ways." Leo Tolstoy


Saturday, 7 March 2009

UK Libertarian Party: Quantitative Easing - An alternative Libertarian view

 

A quick lazy post again, and again from the same site, but as I mentioned before my political leanings lent in ways not quite mainstream Conservative. 

UK Libertarian Party: Quantitative Easing - An alternative Libertarian view

“To reduce basic income tax at all levels to a standard 10% would increase the disposable income of 90% of the working population. These funds would immediately be used to pay off debt, reduce bank overdrafts and credit card balances, put into savings, spent on pension funds, purchase new goods in shops, which in turn would increase the manufacturers orders to the suppliers of raw materials, in short it would stimulate the entire economy. It would also have the added benefit of removing much of the Bank's vice like dominance of the financial sector.”

A wonderful bit of alternative thinking. If it has a sound basis with the reality of the situation I have no means to judge, and I think few people do. Even so the argument has to be made. Tax cuts should always be an option.

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