Tim Parker, One of the Richest Men in the UK, Launches Scathing Attack on High Pay and Inherited Wealth
24th March 2016
He told Management Today: “A free market system needs citizens to believe that the method of redistributing income is is fair and effective.
Uh, sorry, but a free market system doesn’t redistribute income. He must be thinking of socialism. (But that would imply ‘thinking’ which doesn’t appear to be much in evidence here.)
Parker’s wealth is put at £185 million by the Sunday Times Rich List.
So how much is a 50% income tax rate going to reduce his lifestyle? Not a shred, I would think. Who would it hurt? Um, maybe people who aren’t (yet) as rich as he is but who would like to be? Just maybe?
So ponder what he’s really up to.