Should we tax wealth?
The Liberal Democrats are meeting in Bournemouth this week for their Annual Conference and I’ve been in the city to look at a super fast broadband scheme (more about that later). So far, the aspect of the conference that has attracted the most publicity is the surprise proposal that homes with a value of over £1 million pounds should be subject to an annual tax.
This is an interesting suggestion, but why should the government only tax wealth in the form of property? Why not tax all wealth? This is the position favoured by the lead character in my latest short story entitled “The PM And The MP”.