Terry One
2011-09-05 06:17:27
Austerity should be combined with reducing regulatory burden and re-structuring taxation, so producing and employing are not taxed while consuming and taking money from the business are taxed higher. You need to create an environment where private investors are falling over each other to invest into new oil wells, new power stations, new refineries, more productive (or organic – valid product category with significant demand) farms, everything that can employ people.
Each reduction of Government spending should be balanced by reduction in red tape as a matter of practice.
