IN HIS letter (Advertiser Letters 9 March) Richard Kidd wrote, “… hard work needs to be rewarded.”
Indeed, there is no moral case for putting any limit on what an individual can earn.
The 20th century Tory politician Sir Keith Joseph argued that the poor would benefit from more inequality, not less.
Economic equality is fundamentally unjust. It abrogates against aspiration, choice, karma and the organisational rules of a free economy.
Ever greater economic equality can only be aimed at by much higher taxation and statism. Taxing the rich to the hilt does not raise much money. In fact, in the 1980s, the then Chancellor, Nigel Lawson, lowered the top rate of tax from 60 per cent to 40 per cent.
Revenues went up.
Richard Laversuch, Beales Close, Andover.
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