Saturday 18 November 2017

Brendan Keenan: At some point, tax revenues must meet cost of services

IT was the Bourbons, the ancient rulers of France, who learnt nothing and forgot nothing. But perhaps we have been a little unfair to the Bourbons. It seems to be a common enough failing.

Lessons are not so easily learned from past experience. We may know what went wrong in the past, but that does not mean we can think of something better the next time.

That is one possible explanation for the confused thrashing about on taxation. Still, it is a bit depressing that so little seems to have been learned from the experiences of the closing decades of the last century, when taxes first soared and then were slashed.

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