Taxing the Toffs
In light of current disputes as to who warrants
being ennobled, I am reminded of a suggestion I heard in 2008.
A progressive system should be based on taxation. Acceptance of a title such as
a peerage might command a 10 per cent surcharge on the higher rate of tax.
Lesser honours might command a lower rate of tax.
Honours would remain accessible to all in society but only funded by those who
passed a certain financial threshold.
This annual “toff tax” would be a lucrative way for the state (not the party)
to collect revenue to fund the political infrastructure we demand but will not
fund ourselves.
It will also allow those honoured to proclaim publicly their loyalty to the
nation that honours them.
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