Amidst the debates about ‘austerity’ a number of vital debates in public finance have been sidelined. Because the reductions in government spending – small though they have been so far- have been designed to reduce the government’s borrowing requirement, there has been little discussion of whether the size of the state should be reduced in order to facilitate long-run reductions in the burden of taxation. This book traces the history of the growth of the size of the state over the last 100 years whilst also making international comparisons. There is a particular focus on recent and projected future developments which shows that, though the total level of government spending has not decreased significantly in recent years, there has been a big redirection of spending from some areas to others. The authors then examine the evidence on the relationship between taxation and economic growth. As well as reviewing recent literature, they also undertake new modelling that higher taxes are detrimental for growth. In the final part of the book, the whole UK tax system is reconsidered in a proper economic framework. The UK has one of the world’s most complex tax systems and its incoherence has increased over the last five years. Sweeping reforms are proposed to the system which wold involve abolishing around 20 taxes and the development of a simple, predictable tax system based on principles that should gain wide acceptance.
Some of the most influential and interesting people in the world are fictional. Sherlock Holmes, Huck Finn, Pinocchio, Anna Karenina, Genji, and Superman, to name a few, may not have walked the Earth (or flown, in Superman's case), but they certainly stride through our lives. They influence us personally: as childhood friends, catalysts to our dreams, or even fantasy lovers. Peruvian author and presidential candidate Mario Vargas Llosa, for one, confessed to a lifelong passion for Flaubert's Madame Bovary. Characters can change the world. Witness the impact of Solzhenitsyn's Ivan Denisovich, in exposing the conditions of the Soviet Gulag, or Harriet Beecher Stowe's Uncle Tom, in arousing anti-slavery feeling in America. Words such as quixotic, oedipal, and herculean show how fictional characters permeate our language. This list of the Fictional 100 ranks the most influential fictional persons in world literature and legend, from all time periods and from all over the world, ranging from Shakespeare's Hamlet [1] to Toni Morrison's Beloved [100]. By tracing characters' varied incarnations in literature, art, music, and film, we gain a sense of their shape-shifting potential in the culture at large. Although not of flesh and blood, fictional characters have a life and history of their own. Meet these diverse and fascinating people. From the brash Hercules to the troubled Holden Caulfield, from the menacing plots of Medea to the misguided schemes of Don Quixote, The Fictional 100 runs the gamut of heroes and villains, young and old, saints and sinners. Ponder them, fall in love with them, learn from their stories the varieties of human experience--let them live in you.
Amidst the debates about ‘austerity’ a number of vital debates in public finance have been sidelined. Because the reductions in government spending – small though they have been so far- have been designed to reduce the government’s borrowing requirement, there has been little discussion of whether the size of the state should be reduced in order to facilitate long-run reductions in the burden of taxation. This book traces the history of the growth of the size of the state over the last 100 years whilst also making international comparisons. There is a particular focus on recent and projected future developments which shows that, though the total level of government spending has not decreased significantly in recent years, there has been a big redirection of spending from some areas to others. The authors then examine the evidence on the relationship between taxation and economic growth. As well as reviewing recent literature, they also undertake new modelling that higher taxes are detrimental for growth. In the final part of the book, the whole UK tax system is reconsidered in a proper economic framework. The UK has one of the world’s most complex tax systems and its incoherence has increased over the last five years. Sweeping reforms are proposed to the system which wold involve abolishing around 20 taxes and the development of a simple, predictable tax system based on principles that should gain wide acceptance.
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