Friday, 4 December 2009

#Climategate - unintended consequences

Ahhh ... the sweet, sweet smell of government intervention, regulating markets and just Making Things Better (TM):

Remember carousel fraud?

Those scams operating on such vast scales that everyone ... looks away?

Bearing in mind, of course, that this is not money held back in the grey economy by people not declaring tax, but rather money looted from the public purse from tax money already paid in.

In other words, the largest daylight thefts in the history of civilisation!

It is now turning its lush attentions to dodgy carbon trading (emphasis added):

Recent figures from consultants New Energy Finance showed that the ETS suffered its first ever drop in trading volumes in the third quarter of this year because the second quarter had been hugely inflated by fraudulent trades going across France's Bluenext exchange. French VAT rules have now changed.

The European Commission has estimated in the past that
EU governments were losing more money to carousel fraud each year than they spent on the Common Agricultural Policy.

Far beyond unbelievable.

The plundering of money on this scale from incompetent governments forces up taxes and risks eroding our entire way of life. It is a systemic threat.

Worse, the very way the EU works makes action against it incredibly difficult, as the nimble looters hop from one sector to the next.

What does it take for our lawmakers to start to move towards simpler, transparent taxes?

And where is all that money actually going?

More than the CAP? Holy fuck! And now the politicians want to introduce a new fucking scheme with all the usual levels of thought and skills with which they do everything else. Already people are fucking ripping it off and it hasn't even gone global yet!

This isn't going to end well, is it? Not for the long-suffering taxpayer, anyway.


AntiCitizenOne said...

Also taxation just moves pollutant creation from an efficient user of the money (i.e. the person who earned it) to an inefficient user (the bureaucrat).

Basically, taxation will create MORE pollution.

Oldrightie said...

The Bilderbergers are doing a great job of making us all wish we were dead.

Mitch said...

The eu claim "competence" in so many areas ....oh the irony.
All those taxes they will never waste..