http://www.jockcoats.org.uk/why_cant_asi_espouse_adam_smiths_policies Comments for "Why can't the ASI espouse Adam Smith's policies?" en http://www.jockcoats.org.uk/why_cant_asi_espouse_adam_smiths_policies <p> Spot what is wrong with this... </p> <p> <a href="http://www.adamsmith.org/blog/index.php/blog/taxing_times2/">Adam Smith Institute Blog</a>: </p> <blockquote><p> Taxing times </p> <p>By Dr Madsen Pirie in: Tax &amp; Economy • </p> <p>I had a piece in the Telegraph business section on Wednesday, comparing Gordon Brown&#39;s tax policy with the maxims set down by his illustrious fellow-countryman, Adam Smith. Smith had said that people should pay taxes in proportion to income, that they should be certain rather than arbitrary, that they should fall due when they could conveniently be paid, and that they shouldn&#39;t cost too much to administer. I suggested that few would give the Chancellor four marks out of four, given his stealth taxes and his steady tax increases. </p> <p>Much of my article was of steps which could be taken to simplify taxes in Britain, starting with the harmonization of income tax and national insurance. I also suggested that capital taxes could be harmonized, and put in line with income tax as well as with each other, absorbing the much-disliked death tax. The complex system of tax credits put in place by the Chancellor could and perhaps should be replaced by a simpler negative income tax. Out could go all the tax exemptions, allowances and tax credits accumulated over the years like junk in a store-room.</p> http://www.jockcoats.org.uk/why_cant_asi_espouse_adam_smiths_policies#comments Economics Land Value Tax Adam Smith ASI Fri, 22 Jun 2007 23:33:34 +0100 Jock 393 at http://www.jockcoats.org.uk