This category contains 3 posts

Tax isn’t just a moral issue. Inequality is inefficient and deflationary.

But what the hell do they do with it all? I mean, the 100 families who supposedly own 20 per cent of the wealth of the United Kingdom, according to Oxfam. The one per cent who own 50 per cent of the world’s wealth. How can you spend all those billions? How many big cars … Continue reading

Wealth tax. Just because Nick Clegg proposed it doesn’t mean its a bad idea.

    “Don’t strangle the goose that laid the golden egg”, pleaded the Tory MP, Bernard Jenkin yesterday after the Liberal Democrat leader, Nick Clegg, called for a wealth tax. Now, where exactly is this golden egg, I wonder? Could it be in the City of London, where some very wealthy people laid an egg of … Continue reading

What goes up… Mobility isn’t very social

 I’ve always been just a little suspicious of people who advocate social mobility as a cure for society’s ills, as the answer to  inequality.   It isn’t.    When Nick Clegg said last week that social mobility is “the badge of fairness in society” he is missing the point.  The very image of “social mobility” is … Continue reading

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