Who are the real wealth creators? And does inheritance tax really put off entrepreneurs? | Letters

Britain has been helping CEOs and bankers for decades, with very little ‘trickling down’, writes Pete Dorey, while Stephen Dorril and David Cosgrove write in support of inheritance taxDavid Biesterfield opposes a wealth tax by arguing that “better public services depend on the encouragement of wealth creation, not its disincentivisation” (Letters, 27 May). Where is the evidence for this? We have been facilitating “wealth creation” for most of the last 45 years via huge tax cuts for the mega-rich, allowing CEOs and bankers to “earn” millions in salaries and bonuses, permitting buy-to-let landlords to charge exorbitant rents, and relentless privatisation purportedly to create a dynamic enterprise economy.Yet our public services are in a state of utter destitution. So where, or to whom, has all the wealth gone? Has it flowed upwards, rather than trickled down in the manner that Conservatives promised us? Continue reading...

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