My latest article on Comment is Free is now up:
Instead of doggedly trying to outpace property prices, imagine if the exchequer went the other way. And imagine if it used the extra revenue that resulted to cut income taxes. Wouldn’t it be fairer to allow people to keep more of the money that they earn in exchange for having less inheritance to look forward to? Wouldn’t that be better for the economy: lowering the costs of labour while doing more to capture unearned wealth? Shouldn’t at least one of the main political parties be championing such a position?
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