Markets World Tech USA · World
S&P 500
7,723.55
+285.92   +3.84%
Live
Dow
54,349.12
+2,141.06   +4.10%
Live
Nasdaq
26,363.44
+1,241.26   +4.94%
Live
USD Index
99.74
-0.22   -0.22%
Live
Russell
3,019.19
+73.09   +2.48%
Live

Economy

Professional classes stand in way of tax on the super-rich | Phillip Inman

· The Guardian

Professional classes stand in way of tax on the super-rich | Phillip Inman

If the prime minister wants to make the system fairer he will need to upset the professional classes with a land value tax

The professional classes act like a Praetorian Guard for the super-rich.

Having acquired some of the trappings of being rich, they defend the privileges of wealth – land, property and pensions. They do this as if they – company managers, lawyers, doctors, judges, senior civil servants, architects and chartered this and thats – were the main beneficiaries.

Continue reading...