Sunday, November 18, 2007

John Stuart Mill: Victorian Firebrand

Richard Reeves writes an excellent article in the Guardian about John Stuart Mills, entitled "Cry, freedom". It's to accompany Reeves' new book "John Stuart Mill: Victorian Firebrand".

With the recent debate about inheritance tax, I was particularly interested to be reminded of JS Mill's pronouncements on tax:

On tax, Mill made a sharp distinction between earned wealth, acquired through individual effort and initiative, and unearned riches, acquired through inheritance. He advocated a single rate of income tax - an idea in vogue among some right-wingers today - but also argued for supertax on inheritance to prevent the passing down between generations of "enormous fortunes which no one needs for any personal purpose but ostentation or improper power".

No comments:

Post a Comment