The Daily Telegraph reports a warning from Swedish Prime Minister Stefan Loefven that if Britain cuts corporate taxes it will make its discussions with the European Union over a Brexit “more difficult.” He insists that his own country will keep taxing heavily and spending (no, sorry, “investing”) because “Tax cuts are not the future.” Dude, the whole point of the Brexit is that Britain won’t have to keep implementing bad policy because European politicians condescendingly tell them to.
It’s even odd that Loefven believes the EU has leverage to dictate policy to a member whose citizens have voted to leave, let alone that threatening to will make them less determined to get away from such things.
Oh, and while I’m on the subject, the Telegraph also notes (you have to read down a bit in the story) that, as if deliberately seeking further to persuade Britons that the Brexit vote was a good idea, European Commission president Jean-Claude Juncker wants all EU members to open their borders entirely in a gesture of solidarity with the refugees now causing EU members to tighten border controls. Juncker went so far as to say “Borders are the worst invention ever made by politicians” which is a mind-boggling fatuity given the horrors governments have inflicted on people from tax rates over 100% to concentration camps. I know, I know, you’re not meant to end every discussion by invoking Hitler. But in this case Juncker’s claim invites the retort from Bertrand de Jouvenel that, as Milton Friedman recounts it, “said he had always been an ardent advocate of world government until the day he crossed the border into Switzerland ahead of the pursuing Nazis.”
Borders exist to protect people from the excesses of big government, from the petty to the ghastly. And Britain is correct to assert within its own the right to have tax policy that favours private initiative over a smothering state.
Hence the Brexit. Obviously.
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