Another Case for Tax Reform

British Prime Minister had this to say Thursday (if that link doesn’t work, the Daily Mail has a good summary and paraphrase):

We know the economic case for cutting taxes: in a competitive world we cannot afford to carry on as a bloated, high-taxing, welfare-heavy nation.

We have to direct our resources to incentivising work through tax cuts and not incentivising welfare through extra benefit entitlements.

We have to fight the notion that you can endlessly suck more taxes out of businesses and bite the hand that feeds…. For me, the simplest way to help with living standards is this: allow people to take home more of their own money.


Every single pound of public money started as private earning. Every million in the Treasury represents a huge amount of hard work: early morning alarms, long commutes, hours spent on the factory floor, the office, the hospital ward, or the classroom.

The Wall Street Journal rightly offered kudos for this awakening, but they missed a key point.

[T]he case for tax cuts is as much about freedom as it is about spurring growth.

True enough. But freedom is what allows those spurs to exist. Freedom is what allows economic growth to occur. Freedom is what allows prosperity.

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