Category Archives: taxing the rich

Corbyn panders to the instincts of the mob

Britain, writes Dalrymple

is on a knife edge, and anti-rich demagoguery is on the upsurge.

Jeremy Corbyn

has suggested requisitioning property by fiat for reasons of social justice. Following the disastrous fire in Grenfell Tower, Corbyn proposed seizing the houses of wealthy foreigners (mostly Arabs and Russians).

Dalrymple points out that Corbyn’s policy

is to increase government spending enormously, while balancing the budget: this can only mean much higher taxation, and given his social views, this in turn can only mean taxation on the rich and even the modestly prosperous, both of whom he regards as milch cows. But unless he exercises explicit power to keep them where they are (which he would not be above attempting), they will flee, and take their capital. French exports of their rich will seem a trickle by comparison.

In Britain, says Dalrymple,

the degradation of the population has gone much further than in France. British culture, which has become one of crude and vulgar self-indulgence, is inimical to rapid improvement; and now, in addition, there has been a recrudescence of the notion that wealth derives from redistribution rather than from creation.

England’s profound cultural and moral malaise

In Britain, writes Dalrymple,

the schools don’t teach and the police don’t protect, because of a failure of nerve.

But there is a solution, many Britishers believe. They imagine that

all problems arise from lack of government expenditure, problems that will somehow be solved by taxing the rich.