[Image: Toby Melville/Reuters].

[Image: Toby Melville/Reuters].

Bob Kerslake (Lord Kerslake) has almost hit a nail on the head in comments to the Guardian this morning when suggesting that if the NHS is to survive than an extra 3p on the basic rate of income tax is needed.

The question is a simple one. It is, for the economy as a whole, do we want more stuff (including useless savings for some) or do we want to have decent healthcare?

You could add education, a social safety net, housing, security and defence into that last issue, but they’re just elaboration.

We could all have sufficient or more in the UK.

And yet we don’t have that; not by a long way. And that’s because the market delivery mechanism we use, backed by a politics based on personal greed, deny us that chance.

You cannot be indifferent to this choice. This is the issue at the heart of 21st century political economics.

Source: Tax Research UK » You cannot be indifferent on the key question in 21st century political economy

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