One of my favorite actors, 76 year old Michael Caine, gives us the quote of the day:
“The Government has taken tax up to 50 per cent, and if it goes to 51 I will be back in America,” he said at the weekend. “We’ve got 3.5 million layabouts on benefits, and I’m 76, getting up at 6am to go to work to keep them. Let’s get everybody back to work so we can save a couple of billion and cut tax, not keep sticking it up.”
“Atlas Shrugged” becomes more and more relevant as governments take more and more of what people earn while leveraging such actions on the support of those “layabouts” Caine cites. The good news is that Caine has America to fall back on, which has relatively lower taxes. The bad new is, given the amount of debt being piled on, that is going to change.