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Monday 4 November 2024

Blessed is the Machine, for the Machine is spiteful



Sir James Dyson skewers Rachel Reeves' 'spiteful' Budget - 'death of entrepreneurship'

Sir James Dyson has skewered Labour Chancellor Rachel Reeves' Budget, warning it will be the "death of entrepreneurship".

Writing in the Times, the billionaire inventor and founder of the Dyson company, has accused the Chancellor of "spiteful" politics after she raised inheritance tax on farms, family businesses and multi-million pound estates, as well as raising taxes on school fees.



From this perspective, Reeves probably knew what she was doing because political spite does appeal to a large number of voters. 

I don't think much of his vacuum cleaners, but Dyson does have a point.

4 comments:

Sam Vega said...

We can wonder whether Labour is doing things out of spite, or stupidity. Are they trying to settle scores by harming the economy, or are they genuinely trying to raise taxes in the best way they know how, but are thick as mince?

It's a purely academic question, of course, but it's got to be one of the two.

Anonymous said...

20% of the eligible voters wanted this?

A K Haart said...

Sam - thick as mince is my best guess. Spite and settling scores too, but not in an intelligent way, in that they seem unaware that they carry the can for failure, nobody else.

A K Haart said...

Anon - 20% at most, could be considerably less.