The reasons that Andy Beckett took for labor to make the wealth distribution of wealth are all valid and fit (Why is the hard work afraid to claim we need to tax the rich? 11 July). But there is one more compelling and more important to government priorities.
Far from wealth redistribution being inimical to economic growth, there is overwhelming evidence – not least from international organizations like the international monetary fund and the organization for economic co-operation and development – that redistribution to ensure and wealth is extremely positive for economic growth for economic growth, The main reason being that the less well off spend a higher proportion of their more limited income, whereeas the better off tend to save or invest in their assets; There is no or very little “quitting withdrawal”. In fact, as a result of the increase in unequal economy, and even though interest rates remain infinite, the main cases of basic members of the goods and services.
Roger Brown
Author of Uneasy Crisis
The concept of “Taywent Tax” requires a lot of space in Guardian. Just a little mention is made of how it works. Governments should look more difficult in the land concept (LVT) to overcome prejudice and fear of what is considered “wealth” to pay taxes.
LVT is seriously considered by the Welsh government and also needed in England debate. It will produce a long river of work for any future government. For example, the land values along the London Elizabeth line arise when they are built. Why isn’t it taxable? As well as HS2: the amounts of soil are approaching near the proposed stations and even rise near the Etous in expectation of completeness. The tax value of 2% per year and HS2 is paid.
Alan Craw
Chesterfield, Derbyshire
