Just raise taxes...even higher...

[billc]

This is an article that is becoming too typical of governments around the world, ours, theirs, everyones. Can't they simply see the solution? If you don't have enough money to fund your welfare states...raise taxes...again, and again and again. If you raise taxes to 100% on everyone, you will have all the money and then you can pay for more and more government. The solution is so simple, why don't they just do it. I repeat, keep raising taxes, and everything will turn out alright.

http://www.telegraph.co.uk/news/politics/9107485/Osborne-UK-has-run-out-of-money.html

Mr Osborne made it clear that due to the parlous state of the public finances the best hope for economic growth was to encourage businesses to flourish and hire more workers.“The British Government has run out of money because all the money was spent in the good years,” the Chancellor said. “The money and the investment and the jobs need to come from the private sector.”

Mr Osborne’s bleak assessment echoes that of Liam Byrne, the former chief secretary to the Treasury, who bluntly joked that Labour had left Britain broke when he exited the Government in 2010.

He left David Laws, his successor, a one-line note saying: “Dear Chief Secretary, I’m afraid to tell you there’s no money left”.

 

[Tez3]

The Tories here are notorious for their high taxation all the while not paying their own because they've put the money into off shore accounts. The Tories of course are known to as the Conservatives.... nuff said.

A good many countries in Europe actually have conservative governments, heaven help us.