Wednesday, May 30, 2012

Too Much Is Never Enough, Apparently

A Bottom Up Look at the Top Down, Centre for Policy Studies, May 30, 2012. "If you believe that it is not possible to demonstrate that any particular level of taxation, welfare spending, or redistributive policies are economically counter-productive, and if you are in principle in favor of these things, then when do you say “enough,” and why do you decide to say it? A reliable way to get liberals excited is to say that they’re socialists. Fine, they’re not. But if Britain – where the government currently spends 50 percent of the nation’s GDP – is not verifiably well past the point of diminishing returns on state spending, where does that point lie? Is it 60 percent? 70 percent? 99 percent? If neither evidence nor principle tells you when to stop – and to go into reverse – then what does? At what point does the distinction between a really big government and socialism become irrelevant?

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