No posting until September.
So let me just get this off my chest.
John Redwood, in the process of defending his proposals for abolishing inheritance tax (hurrah!) argued that he wants to "tax the rich more as well." What he meant was: free people from silly taxes which disincentivise productivity (like inheritance tax), let them produce more wealth, and then of course they will pay more income tax.
Whatever one thinks of the detail, why the nasty rhetoric. Modern political consensus is that the rich must be bled dry. Why? Do they receive a higher level of service for their greater contribution? No. Do they receive thanks and the plaudits of society for their generous (enforced) giving? No. Do they have a covenantal/familial duty to provide for the rest of the population of their nation-state? No.
- Christians read 1 Tim 6:18 and wrongly arrogate that to the state. No. If the rich are miserly and trust in their wealth, God will call them to account. Not every sin is a crime.
- The politics of envy. You're rich, I'm not. It's not fair (Rubbish. It's not equal - equality and fairness are not the same thing). You must have come by your wealth by some shady means. You must be punished for being rich.
Neither is right. So, politicians, lay off the wealth-producing, job-creating, service-providing, non-welfare-dependent rich for a bit, why don't you?