There are two big themes I’m hearing from people this election:
- We need some types of tax, to make people we think should be paying tax pay more tax – lets do this with a capital/capital gains tax
- We need to save more as a nation.
FYI, taking capital gains implies reducing the rate of return on investment – it reduces the incentive to save. Therefore, it will lead to less savings – something we plan to fix by compulsory saving it seems. This implies to me, that we plan to force people to invest and then take a chunk of the return off them, and we don’t really give a crap whether it is in their interest or not – it will just make our economic statistics look a bit prettier, maybe.
Lets make sure our policies goals are consistent before we start throwing them around … or at least try to figure out what any set of policies really implies.