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The formula for low taxes

I don’t know if this is a good way to find out about Formula One racing car racing, but this is blogland so there’s a link for you.

I’m now watching the TV re-run of the Monaco Grand Prix, which was held last Sunday and which David Coulthard won, I believe. And this has reminded me of something I’ve been wanting to say to the world for some time. Why can’t they have more racing car races in places like Monaco, which is an actual place, with hotels and houses and a sea-front with super-luxury yachts parked in it, and fewer racing car races in places like all the other places where they have racing car races, i.e. the racing car racing equivalent of out-of-town shopping centres?

I thought this was not going to be political, but as I blog the question I realised what the answer is, and it’s deeply political. In Monaco you are allowed to take your own risks. You are allowed to race a racing car at 200 mph within two yards of a concrete wall, if you’re good enough and if some insane millionaire or cigarette salesman will pay you. And you are allowed to stand just above the concrete wall in the direct line of fire of any bad driving that might occur and watch all this insanity. At most grand prix circuits you need a pair of binoculars to see what the hell’s happening, because before a racing car driver can stage a decent crash for you he has negotiate about a third of a mile of gravel and a giant wall of rubber tires.

It is no coincidence whatever that in Monaco they also allow you to keep most of your money. In most parts of the world they run your life, and tax you half to death to pay their wages. In Monaco you run your own life, almost entirely.

Two different things: low taxes and a fun racing car race track. Same underlying philosophy.

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