Timmy, you just made my day

A big thanks to Tim Worstall for saying it so very well:

"You see, because if companies don’t pay their taxes then the money just disappears. There’s no such thing as an opportunity cost in lefty world.

Now then, out in the real world what does happen when the capitalist bastards manage to dodge taxes? One of two things.

1) The company has a higher retained profit which it then uses to reinvest in the business. More jobs, higher wages, economic growth, Hurrah!

2) The company pays it out to their fat cat shareholders who simply engorge themselves on the lucre extracted from the sweat and blood of the poor. And investments in companies working in poor countries are seen to be paying higher returns. Which leads to more capital being invested in companies working in poor countries so more jobs, higher wages and economic growth, Hurrah!

It is of course possible to argue that direct spending by governments will do more for the chances of the poor than more foreign direct investment. But to argue that if the money is not paid in taxes then it simply disappears as far as the poor are concerned is simply nonsense."

The reason capitalism works is because it is about generating wealth, and to generate wealth one invests the wealth one has made into making more, which means more jobs, profits, better pay, economic growth and happiness all around for those who endeavour to sieze the opportunity. Hand up, not a hand out - but then we can't even deal with that culture at home, can we?