Politics · United Kingdom · 9 hrs ago

Letter criticises Badenoch’s inheritance tax position as favouring the wealthy

Letter criticises Badenoch’s inheritance tax position as favouring the wealthy

Two letter writers criticised Conservative leader Kemi Badenoch’s economic views in letters about her conference speech.

Badenoch described her programme as offering “a better tomorrow” and argued that inheritance tax is unfair double taxation on earnings already taxed.

One writer said her preference for lower taxes, public spending and regulation echoed older free-market arguments, including those of 19th-century economist David Ricardo.

The other writer argued that most inheritance tax revenue comes from inherited and asset-derived wealth, including gains that are not taxed during a person’s lifetime.

The writer said this makes the tax different from money saved out of wages already taxed.

The letters said Badenoch’s position favours people with wealth to pass on, while many low-paid workers cannot build enough savings to leave to their children.

The letters set out criticism of her views; they do not describe any next steps.

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What people are saying

Penelope TurtonGuardian letter writer
The real moral injury is borne by all those low-paid, hard-working people who face a choice between heating or eating
via Guardian
Kemi BadenochPolitician
people who work hard and save should be rewarded for that effort
via Guardian