From Mr Peter Cave.
Sir, Is it not a sad reflection on the thinking of at least 20 leading economists – and, no doubt, many others including non-economists – that taxation and punishment are spoken of in the same breath?
Perhaps it is worth reminding ourselves that taxation can rightly be seen as the means of contributing to society and compensating those unlucky in life.
After all, high earners, through a combination of nature and nurture, have Fortuna to thank for their talents, aptitudes and drives. They are also lucky, no doubt, in certain opportunities coming their way – and, in many cases, lucky in engaging work that they enjoy.
Their success in wealth creation, indeed, also depends on the stable society and on many services provided by the poorly paid – often services they would be loathe themselves to provide.
Peter Cave, London W1, UK
Get alerts on Letter when a new story is published