It’s com­mon sense

The Sunday Telegraph - - Letters to the editor -

We warmly wel­come Greg Hands’s sup­port for our Cam­paign for Cap­i­tal­ism on this page, which fol­lows on from the en­dorse­ments of Boris John­son and David Davis, and we urge the Gov­ern­ment to pay at­ten­tion. Mr

Hands says that get­ting hous­ing right starts with re­form­ing stamp duty, mak­ing the point that ex­ces­sive tax­a­tion not only un­der­mines the free mar­ket but has pro­found so­cial con­se­quences. When some­one’s fam­ily grows or their per­sonal cir­cum­stances change, the nat­u­ral thing to do is move – but if tax puts them off, they’ll stay where they are, jam­ming up the mar­ket. Stamp duty is a tax on so­cial mo­bil­ity, so why would Con­ser­va­tives, or for that mat­ter so­cial­ists, sup­port it?

So­cial­ism, of course, is the en­emy of as­pi­ra­tion and progress. It re­gards these things as a be­trayal of class, for so­cial­ism con­stantly tries to tie the in­di­vid­ual to a par­tic­u­lar group, lock­ing them into a per­pet­ual war against sup­posed ex­ploiters. Call its ap­proach re­dis­tri­bu­tion or con­fis­ca­tion, it de­stroys rather than cre­ates. Yes, in­jus­tice ex­ists, but ex­pe­ri­ence shows that the best way to re­duce it isn’t by try­ing to make ev­ery­one the same. It’s by ex­pand­ing op­por­tu­nity and gen­er­at­ing wealth.

The Gov­ern­ment has set it­self many laud­able so­cial goals, but the most tried-and-tested way of achiev­ing them is by re­duc­ing state ac­tion and ex­pand­ing the pri­vate sec­tor. A great deal of work has been put into in­tel­lec­tu­al­is­ing the achieve­ments of cap­i­tal­ism but, re­ally, it all comes down to com­mon sense. When you of­fer some­one the chance to bet­ter them­selves, they will gen­er­ally take it – and when the in­di­vid­ual flour­ishes and cre­ates some­thing with their ef­forts, the whole of so­ci­ety ben­e­fits in turn.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.