Deficit-busting and the Chinese curse
"The notion that the problem can be fixed by eliminating waste was part of the phoney debate. There is widespread waste in the public sector – as in the private – but if it were easy to eliminate it would already have been eliminated."
Another, more entertaining article illustrates the nature of the problem:
"I never realised I was such a hard-hearted brute until I tried out the online “deficit-buster” on FT.com.
It allows you to play chancellor and simulate the UK’s next three-year spending review. You swing the axe - and the deficit-buster tells you all the gruesome consequences in terms of human discomfort.
Before I knew it, two million families with an income of more than £24,400 had lost a benefit worth around £1,000. And all because I thought “means-testing” child benefits was an easy option.
I retraced my steps and swung again. Eleven million people over the age of 60 lost their right to free public transport.
Oops. (And I used to be such a nice son-in-law.)
My wife had a go. She tried to abolish the police - but it wouldn’t let her."
To state the bleeding obvious - we are currently living in the time of the Chinese Curse. The politics of tax is, unfortunately, going to get interesting.