The Mid-Atlantic Blog

January 24, 2006

Tax & Stability

Long thread covering tax and stability over at ConservativeHome yesterday. 95 comments at time of writing...

My own view: this fits well with the broad strategy. Get them listening, correct the misconceptions that the public has while making clear (in new, cuddlier language) the underpinnings of a conservative view on the issue, then let the press spin it as a U-turn. The party have done a great job in this too, with CCO spinning the message very professionally, and the membership being broadly supportive (enough complaints to be seen as "challenging the old guard" but not enough to cause "Tory splits" talk).

Now, the blogosphere should press on this tax simplification point. The argument for a much flatter, easier tax system is a powerful one, and such a system can be extremely good for the economy. The misallocations of both financial and human capital caused by the vast complexity of the incentive systems we now have are just that - misallocations. Correcting them would be good for us all, would take a couple of years, and would then provide a base for actual tax cuts, especially with the savings from a few years of better management in the public services in the bank.
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