Taxing wealth stifles growth
Matthew Lesh appears on LBC
“I think people should be able to gather far more wealth in their lifetimes, I think the way our planning system is set up to destroy peoples’ ability to get on the housing ladder is hugely problematic, I think the fact that we haven’t had any income growth for the last decade is a huge problem; but you don’t solve that by taxing inheritances, you actually need to build a strong underlying economy,
“Taxing inheritances can have unintended economic consequences along the way or taxing wealth for that matter…the way to destroy wealth and destroy prosperity is to overtax it, and inheritance tax is part of that problem.”
Watch Matthew’s appearance here.