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The Politics of Envy

Scotsman.com News - I'll hammer the rich who earn £70,000 or more, declares Ming (salary £60,227)

SIR Menzies Campbell yesterday pledged to "hammer" households earning more than £70,000 with higher taxes.

The Liberal Democrat leader said the rich have done "too well" under Labour and agreed the wealthiest 10 per cent should pay more taxes.....

A YouGov poll commissioned by the party shows that even 77 per cent of Conservative voters believe the gap between rich and poor is "too large" while 92 per cent of both Labour and Lib Dem voters agree. And 64 per cent believe the earnings gap has grown wider over the past decade under Labour.

The same number believe that the richest people in Britain should pay more tax while 5 per cent are opposed. But even among Conservative voters, there is a clear majority (55 per cent against 39 per cent).

The vast majority of people believe that wealth is a zero sum game, the rich only become richer at the expense of the poor, combine that with envy and you have the nasty poisonous ideas that have caused the economy to be mired in the past.

(It takes about two minutes to show twelve year olds that wealth isn't a zero sum game; scribble a picture, sell it to the kid for 5p, you are now 5p richer, he has a painting worth 5p so isn't any poorer etc. Wealth is like laughter, you can create it, increase it by passing it round but hoarding it destroys it.

Comments

And a household bringing in £70k before tax isn't particularly "rich" either.

"A YouGov poll commissioned by the party shows that even 77 per cent of Conservative voters believe the gap between rich and poor is "too large" while 92 per cent of both Labour and Lib Dem voters agree."

Which demonstrates nicely that Labour and Lib Dem voters are, generally, more stupid than Conservative voters. Let's reduce the gap between rich and poor by halving everyone's income.

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