Guest commentary today on Labour's Envy Taxes:
Why do so many bleat so much when 'the rich' receive a pledge to get some of their own money back, and why do those same people bleat so little (or even crow a lot) when someone else pledges to keep taking a lot from everyone with one hand, while doling out the booty as benefits with the other hand.
And why do so many still misinterpret or misunderstand the difference between getting back money that they earned and was taken from them, from money that they never earned that is being given to them?
Anna at ECB explains quite clearly that tax cuts benefit those who pay tax, and if you pay a lot of tax then of course a tax-cut will give you more in dollars than it would for someone who doesn't pay a lot. "Why is this so difficult to understand?" she asks. "Why is it that people think they are entitled to a greater share of other people's money?"
Answer in one word: Envy. It's a killer. If envy was taxed we'd all be able to vote ourselves rich.