Tax Cuts in ... Hong Kong?

Looks like the Reagan Revolution has made it to Hong Kong.

Hong Kong tax cut to boost growth

Hong Kong has said it will cut taxes, in a move to promote further growth and lure foreign investment.

Leader Donald Tsang said taxes would be cut by 1 percentage point, to 16.5% for firms and 15% for individuals, in the first policy speech of his new term.

You just know the left, which detests tax cuts and deny their ability to encourage economic growth, cannot be happy about this.

So what is the expected result of the projects that will be promoted by this?

Such projects are tipped to create 250,000 jobs and, Mr Tsang said, could boost the economy by some HK$100bn yearly.

So, let me get this straight. Zimbabwe, which has embraced Marxism, is imploding, while Hong Kong, which is embracing capitalism, is growing by leaps and bounds.

Looks like the rest of the world of figuring out what the left has long denied.

Karl Marx has to be spinning in his grave.