Oxfam poverty report shows a “fundamental misunderstanding” of economics
Len Shackleton writes for CapX
Mark Littlewood quoted in the Independent
Quoted by the Independent, IEA Director General Mark Littlewood responded to the charity’s proposals: “Taxing the rich ever more may make for good headlines but it misleads the public into thinking that cuts at the top will automatically lead to more wealth at the bottom. In reality, interventionist policies are far more likely to destroy wealth than successfully redistribute it”.
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