Madsen Pirie Madsen Pirie

The new mercantilism

The mercantilism that Adam Smith denounced in the Wealth of Nations seems to be having another ascendency.

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Madsen Pirie Madsen Pirie

Theft by instalments

The government is reportedly considering the introduction of a wealth tax. A wealth tax is a tax on the net worth of individuals - that is, the value of all assets minus debts.

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