In 'Be brave, be ambitious, kill a quango today, Tim Worstall writes in light of that Tory talk of tax cuts:

The Economic Research Council has found that quangos - those 883 bodies that provide relief for the bureaucratic classes - swallow £167.5 billion a year of your and my money. A quarter of that comes from fees on business, something that we as consumers eventually pay; the other £127 billion or so comes directly from our wallets as taxation.

The Milk Development Council, the School Food Trust, the Thames Gateway Development Trust and other such bodies. Let’s abolish them. Daisy and Farmer Giles can pay their own advertising bills, Jamie Oliver has the second well in hand and after this summer, who wants to build on a flood plain? The other 880 can be euthanised as well.

In return for this euthanasia we have the opportunity to be radical on the taxation side of the ledger. Income tax now pulls in £147 billion a year, so we can’t quite pay to abolish that: perhaps raising the personal allowance to £100,000 would suit, so that only the rich pay it?

National Insurance and VAT raise £88billion and £77 billion respectively: either can go. If we choose VAT for the chop, we would have change left over to eradicate corporation tax, too.

Do you think we should pay tax?

And what would you do with your own money?

Tim [via here and Anorak]

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