![]() ![]() Using funds to strengthen the frail and faltering public realm would benefit us all. He should resist calls to use public money to gain partisan advantage – so that’s no cut to inheritance tax and no disproportionate targeting of people who rely on the social security system for support. Just as austerity was a political decision by David Cameron and George Osborne, so also are the options for deploying the unexpected headroom apparently available to the chancellor ( What can Jeremy Hunt do with his £13bn headroom in the autumn statement?, 17 November). Tax cuts also tend to increase unemployment in the first four years after implementation.īy contrast, the eminent economic historian Brad DeLong, in his book Slouching Towards Utopia, says that progressive taxation was a key factor in the US’s recovery from the Great Depression in the 1930s. A modelling exercise on inequality, growth and unemployment across 18 OECD countries over 50 years found that reducing taxes for the rich produces higher rates of inequality in the long run, but has no discernible effect on economic growth. Thomas Nurcombe Researcher, Bright Blueīesides the unfairness of making inheritance tax cuts “for a small number of wealthy estates” funded “by higher taxes on the incomes of 36 million people” as you report, there is another powerful reason why tax cuts for the wealthy are a bad idea. ![]() The Soviet Union honoured him for the Communistic attitude toward property rights expressed in Utopia.There needs to be a bold rebalancing of the tax system, and we urgently need to narrow the gap between taxation on earned and unearned income. Pope John Paul II in 2000 declared him the "heavenly Patron of Statesmen and Politicians." Since 1980, the Church of England has remembered More liturgically as a Reformation martyr. Pope Pius XI canonised More in 1935 as a martyr. After refusing to take the Oath of Supremacy, he was convicted of treason and beheaded. More opposed the King's separation from the Catholic Church, refusing to acknowledge Henry as Supreme Head of the Church of England and the annulment of his marriage to Catherine of Aragon. He also wrote Utopia, published in 1516, about the political system of an imaginary ideal island nation. More opposed the Protestant Reformation, in particular the theology of Martin Luther and William Tyndale. He was a councillor to Henry VIII and also served as Lord High Chancellor of England from October 1529 to. After refusing to take the Oath of Supremacy, he was convicted Sir Thomas More (1477-1535), venerated by Catholics as Saint Thomas More, was an English lawyer, social philosopher, author, statesman, and noted Renaissance humanist. ![]() Sir Thomas More (1477-1535), venerated by Catholics as Saint Thomas More, was an English lawyer, social philosopher, author, statesman, and noted Renaissance humanist. ![]()
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