At their root is the notion that government revenue should be raised primarily from taxes on productive and legal economic activity. This is ultimately self-defeating, since it leads to a death spiral. The present mania for bringing ever more people into the country is a desperate attempt to escape the inevitable. The system was never viable, and much government spending has had to be financed by inflation; sterling has lost 98% of its value since the end of the war, and there are other countries which have even worse records for inflation than Britain.
Whether the country has the stomach for making the necessary changes is doubtful. Reform seems unlikely to take the initiative in the right direction, which means that it will inevitably disappoint.
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