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November 25, 2008

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Social democracy? Whatever that means, in the case of Great Britain, it appears to be social democracy with an asterisk.

1. The increase in the marginal tax rate from 40 to 45 percent will affect only the richest 1% and, along with the 0.5% increase in the national insurance tax, will not take effect until April 2011.

2. What is more important -- or at least more immediate -- is not a tax increase, but a tax cut. Starting next Monday, the national sales tax will be cut from 17.5% to 15%. The idea, I hear, is to encourage the population to go out and buy .... stuff.

I was so disappointed when I got these. I have been an MBT fan since they came out and have several pair. None of them fit, I tried 3 different sizes. My regular size was way too small, a half size up my toes were crunched and my heel was flying out, and a half size up from there was the same, but worse. I wish MBT could get the boot thing together; I was so excited when I heard this style was coming out!

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