Monday, March 19, 2012

Quick response to Donal Blaney on wealth taxes

Just in case this doesn't get through comment moderation.
The campaign that is being led by Big Government Conservatives for a wealth tax (be it in the form of higher council tax for larger homes or a property tax on homes worth over £2m) is distinctly unconservative. 
No country has ever taxed itself into prosperity and no economy can properly grow if its wealth creators are strangled by a combination of personal, property, business and investment taxes, regulations and a climate hostile to success that class warriors have fought for years to bring about.
You're being disingenuous. For the most part, the Tories who advocate wealth taxes do so on the basis that it should replace some element of income tax. Not an additional tax on top. And surely it can't be the very principle of wealth being taxed at all that you object to, as you acknowledge in this very article that there are already forms of wealth tax in the United Kingdom. Or are you saying that something that has already been the status quo for many years should be seen as wholly unacceptable by "real" Tories?