Wednesday, April 11, 2012


UK Chancellor of the Exchequer George Osborne is shocked, shocked, he tells us, to learn that Britain’s wealthy are tax cheats. And if you believe that, I have a war in Afghanistan to sell you. Osborne's father is a Baronet. He was educated at public schools, and (along with David Cameron) was a member of the infamous Bullingdom Club at Oxford. And he has a net worth of over £4 million. He knows exactly what Britain's rich do, because he is one of them.

As for his solution, he recently cut the top tax rate from 50% to 45%, in the belief that this would increase revenue. That, I think, speaks volumes about what Osborne's "shock" is worth.