The Laffer Curve and why Gordon Brown and David Cameron should pay attention to it

Burning Our Money has the story and very well written it is too. Here is their conclusion and one that I agree with:

"So given that Gordo's new tax is going to make his fiscal black hole even blacker and even deeper, you may be asking why he's going to do it?

You're not? Well, I'm going to tell you anyway.

You see - and brace yourself because this may come as a shock - our leader is an unreconstructed socialist. He not only believes that government is better at spending our money than we are ourselves, he also believes that high incomes for the few are A Bad Thing.

So although this measure will end up costing all of us, and although we'll all have to pay more taxes, and although we'll all be poorer as a result, we will benefit from knowing that the rich have been whacked good and hard. According to the IFS, there are only 350,000 of those bastards, and we all know they've got it coming. Think how much better we'll feel as we pay our own eye-watering taxes.

The thing is though, Mr Cam is not a socialist. If reports are to be believed, he's a Tory. And Tories... well, they're supposed to believe in prosperity and individual effort and enterprise and all that other stuff.

Aren't they?"