This week’s issue of The Spectator, out today (and
available for only £1 an issue here), dwells on the new anti-rich mood in Westminster. James will have more on his
cover piece later, but here’s the accompanying article by Dennis Sewell to get the debate flowing:
The Bible tells us that the poor will always be with us, but there is no good reason, and certainly no scriptural authority, to support the widespread belief that the rich will be too.
As capital has become more mobile, slipping across fiscal boundaries at the snap of an enter-key, so too have its owners, who are today only a Gulfstream ride away from somewhere where the climate is more agreeable, the taxman less importuning and the populace less hostile.
In the past, we have indulged ourselves during downturns in the politics of envy, responded with tax and regulation — then watched as the globalised rich took flight.
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