I have just had the pleasure of reading through a 221-page report sent to the British government on what should be done to make us save more.
Attending the press conference, I listened to the mild-manner Ron Sandler take us through the thicket of tax codes, rules and varied practises of Britain’s Byzantine financial industry. Nodding off for a second, I fell into a strange dream:
“Ladies and gentlemen, today’s report on how to stop shafting the British saver is brought to us today by Prof. Tom Burroughes of Libloony University. He has kindly produced this report, which, er, is rather short.” Cut to moi: “Members of the press, you will see my report is only one page long. Its recommendation is brief – abolish taxation and get government out of the savings business. Period. End of story.”
At this point a strange noise emerges from the assembled hacks. Muffled cries from back of the room…
I suddenly woke up, hope no-one noticed my nodding off, and listened for an hour about differential tax codes, the need for fewer rules on X rather than Y, blah, blah. blah.
