In defence of the rich – with Emily Carver, Luke Johnson, Merryn Somerset Webb & Martin Vander Weyer

The Capitalist · May 5, 2023 · 48m

Here at CapX we love an unfashionable cause – and in a cost of living crisis, few demographics are less popular than those who seem to be struggling less.

But we're also fans of basic economic concepts, and with the tax burden the highest it’s been since the era of state socialism under Attlee, the Laffer Curve inevitably comes to mind. Because while calls to ‘tax the rich’ may be popular, if it means less money for public services, they will ultimately prove counterproductive.

And it’s not just about Treasury revenues. The only way we’ll get out of the hole we’re in is by growing the economy…