Since Thatcher and Reagan there has been widespread political agreement on the need for a low tax environment to encourage growth, which through 'trickle down’ would benefit everyone. Yet many argue this has been a grave error. Disparities in wealth have grown, the top 1% have taken a greater and greater proportion of GDP over the last 40 years in both the US and UK. While at the same time growth has slowed.  

Should we simply reverse the strategy and hike taxes for the top 10%?  Should we go further and look to a radical redistribution of property and end inheritance? Or is this just envy which if implemented would make us all a great deal poorer?

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