Professional classes stand in way of tax on the super-rich | Phillip Inman
- The author argues professionals protect tax advantages favouring wealth.
- A land value tax is presented as a fairer alternative.
- The proposal could raise £56.7bn annually.
The article argues that affluent Generation X and baby-boomer professionals are a powerful obstacle to tax reform aimed at the very wealthy. Its author says their defence of property, pension and inheritance advantages helps preserve a complex tax system that discourages work and investment while allowing the super-rich…