Wednesday, 28 January 2015

Labour’s global wealth tax?

I thought you might like to know that one of the top contenders for Labour’s vacant presidency position is Professor Nigel Haworth, from Auckland University, whose recommended summer reading included the much-debunked tome Capital in the 21st Century by French academic Thomas Piketty calling for a global wealth tax.

Perhaps some aspiring journo might ask Mr Little if we might expect Piketty-style rhetoric from the party should Mr Haworth achieve his desired position?  And Mr Haworth if he shares Piketty’s envy problem, and agrees with his anti-capitalism, his alleged facts, his rejection of liberté, and his obvious ignorance of the role of capital in raising wealth and wages?

1 comment:

  1. Government has no rôle in raising either wealth or wages.

    The rôle of government is to protect property rights. If that raises wealth or wages: good. If that lowers wealth or wages: good.

    Property is the end in itself, not the means to, well, communism.


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