Wednesday, April 22, 2009

Backwards

From, Breitbart (Govt hikes top income tax rate to 50%, April 22, 2009):
The [UK] government will increase its top rate of income tax to a higher than expected 50 percent from next year, Chancellor Alistair Darling said on Wednesday as he delivered the government's annual budget.

They will likely see at least a 25% drop in tax revenue as the working classes run for the border. That sucking sound you hear is from the Chunnel.

The Laffer Curve will not be denied.