IEA Director General Mark Littlewood has responded to the Wealth Tax Commission’s suggestion that a “one-off” wealth tax should be introduced to foot the Covid-19 bill.

In an opinion piece for City AM, Mark notes that attitudes towards public debt among those on “the left” have changed drastically in the last decade – from claiming that it wasn’t a concern to insisting it is a problem that requires an immediate fix.

The pitfalls of a wealth tax – even if it were to be a “one-off” levy – are multitudinous, Mark argues, while casting doubt on the bold suggestion that it could pour £260bn into the Treasury coffers over five years.

Read the article in full here: https://www.cityam.com/pay-no-attention-to-the-left-wing-brigade-a-covid-wealth-tax-would-be-a-disaster/

Read Mark’s press comment on the Wealth Tax Commission’s Final Report here: https://iea.org.uk/media/a-wealth-tax-would-be-counter-productive-says-iea-expert/