For example, most people agree that the U.S. tax code is less efficient and less equitable than it might be; moreover, the code is excessively complex and imposes heavy administrative and compliance costs. Collecting revenues through a more efficient, better-designed tax system could improve economic growth and make achieving sustainable fiscal policies at least somewhat easier.
(I don’t know about you but) I must confess to be very uncomfortable about the prospects for our energy sector. The Scott Ryder Report tells me that, as at the end of 2010, proven gas reserves were equivalent to 9 years of production and proven oil reserves, the equivalent of 14 years (production).