BBC's "Farming Today" defends tax-funded EU farm subsidies & higher food prices
Radio 4’s “Farming Today” and its defence of European Union farm subsidies (broadcast 6.30am, 20th August 2011) was surprising only in how one-sided was the presentation of the debate. Rather than the balanced, dispassionate presentation of the case for and against government subsidies to farmers – something that one might have expected from...
Markets price a U.S. Government debt default as more likely…
That the US might default on its debts seemed wildly implausible when I first wrote on the subject “Will the US Government default on its debts?” just over two months ago on May 18th 2011. As I noted then, A US default is a long way off but with...
Yes, tax levels make a difference where people live…
Driving along the southern coast of France, from Nice towards the Italian border, one finds that, yes, tax levels do make a difference where people choose to live. The Cote D’Azur is beautiful, basking under a clear blue sky and glorious sunshine. The hills above the numerous bays are...