tag:blogger.com,1999:blog-5467119.post6673561214435105676..comments2023-10-24T10:09:22.146+01:00Comments on The Yorkshire Ranter: Nice caveats, shame about the pointAlexhttp://www.blogger.com/profile/17153530634675543954noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5467119.post-63931685687977624022011-01-16T21:24:30.324+01:002011-01-16T21:24:30.324+01:00Also, are you still a Lib Dem?Also, are you still a Lib Dem?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5467119.post-87975612562902949172011-01-16T21:23:55.355+01:002011-01-16T21:23:55.355+01:00The classic example was the decision to slow down ...The classic example was the decision to slow down the aircraft carrier project because the Very Serious Ones said it was costing too much. Unfortunately, if you have to idle a big industrial enterprise and keep it that way without everyone either pissing off to look for work elsewhere or getting into the smack, costs money. Overall it cost a <em>lot</em> more.<br /><br /><em>medium to long-term solvency</em><br /><br />What's your estimate of the net asset value of the UK?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5467119.post-89524496926097364682011-01-16T19:52:53.421+01:002011-01-16T19:52:53.421+01:00"On the other hand, it's hard to think of..."On the other hand, it's hard to think of a tax that isn't dependent on the level of economic activity."<br /><br />Any form of property or site value taxation in which the valuation is only periodically updated (council tax being the closest the UK has). One of the many reasons why site value taxation would be a big step forward for the UK.<br /><br />Also I think your argument works as a critique of short-term cuts in spending that will worsen the cycle and make capex projects more expensive, but not of of the failure to address medium to long-term solvency.ABnoreply@blogger.com