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Sunday, 22 January 2012

Tax black hole

Many taxes are simply an inefficient merry-go-round of taking a tenner in taxation, spending a fiver of it on administration and paying people to work in non-jobs, only to give what is left of it to gullible voters, bail out a bank, buy windmills, send it overseas, disappearing into the unknown faster than an economic migrant who made it to London.

Nicked from a Telegraph comment (and slightly modified).

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