Wednesday, 8 July 2015

Death Duties, time to dust off a Liberal policy

Essentially abolish and start again with 'a rate graduated according to the size of the bequest and the existing wealth of the legatee, this would encourage the splitting up of large fortunes without state intervention.'

This policy grew out of the Liberal Party Report 'Ownership for All' chaired by Eliot Dodds published in 1938.

This policy was part of a wider approach which sought to radically redistribute wealth/ownership including taxation on land values, profit sharing, as well as graduated death duties levied depending on the wealth of the recipient not the giver. This is the alternative approach to equality not based on state doles

2 comments:

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