Rory Sutherland

I did make the joke that voting Labour and having a chancellor who's come from the Bank of England is a bit like going on a Club 1830 holiday and taking your parents along, which it kind of defeats the object of the exercise a bit in that one of the things I think we would like to see as voters, and I'm perfectly happy to give this government a, you know, I think you have to give the people the benefit of a few years before you get pissy about it.

I mean, that is actually, I'd be interested to know who's signing that petition. Is it people on the left who are just disappointed? Is it reform voters? Is it conservatives? I don't know. Who is it who feels most kind of cheated? I mean, you've got to remember that there are an awful lot of people who didn't vote for them, if you consider the size of their majority, okay?

I mean, that is actually, I'd be interested to know who's signing that petition. Is it people on the left who are just disappointed? Is it reform voters? Is it conservatives? I don't know. Who is it who feels most kind of cheated? I mean, you've got to remember that there are an awful lot of people who didn't vote for them, if you consider the size of their majority, okay?

I mean, that is actually, I'd be interested to know who's signing that petition. Is it people on the left who are just disappointed? Is it reform voters? Is it conservatives? I don't know. Who is it who feels most kind of cheated? I mean, you've got to remember that there are an awful lot of people who didn't vote for them, if you consider the size of their majority, okay?

They've got a massive majority, but the share of the popular vote was fairly small.

They've got a massive majority, but the share of the popular vote was fairly small.

They've got a massive majority, but the share of the popular vote was fairly small.

Well, it's interesting who's demanding a kind of, you know, run again. Yeah. Some of the things interest me because we kind of, I think a lot of people know that there's fundamental inequity, intergenerational inequity, which is because salaries are taxed very highly and wealth, particularly capital gains from your main property, are barely taxed at all.

Well, it's interesting who's demanding a kind of, you know, run again. Yeah. Some of the things interest me because we kind of, I think a lot of people know that there's fundamental inequity, intergenerational inequity, which is because salaries are taxed very highly and wealth, particularly capital gains from your main property, are barely taxed at all.

Well, it's interesting who's demanding a kind of, you know, run again. Yeah. Some of the things interest me because we kind of, I think a lot of people know that there's fundamental inequity, intergenerational inequity, which is because salaries are taxed very highly and wealth, particularly capital gains from your main property, are barely taxed at all.

And that leads to, I think, a kind of absurdity, which is that one piece written about this is it's not actually intergenerational inequality that's the problem.

And that leads to, I think, a kind of absurdity, which is that one piece written about this is it's not actually intergenerational inequality that's the problem.

And that leads to, I think, a kind of absurdity, which is that one piece written about this is it's not actually intergenerational inequality that's the problem.

It's going to be intragenerational inequality when people start inheriting houses or not inheriting houses, because you can literally have the situation where you can work incredibly hard for 30 years and reach a position of some eminence in a business or in an institution.

It's going to be intragenerational inequality when people start inheriting houses or not inheriting houses, because you can literally have the situation where you can work incredibly hard for 30 years and reach a position of some eminence in a business or in an institution.

It's going to be intragenerational inequality when people start inheriting houses or not inheriting houses, because you can literally have the situation where you can work incredibly hard for 30 years and reach a position of some eminence in a business or in an institution.

And because your parents happen to live in an area of low house prices or didn't own a house at all, you're still living somewhere crap. Whereas your underlings, you know, whose parents lived in Surbiton or Kensington or whatever it may be, okay, are basically swanning around in palaces going on cruises all the time.

And because your parents happen to live in an area of low house prices or didn't own a house at all, you're still living somewhere crap. Whereas your underlings, you know, whose parents lived in Surbiton or Kensington or whatever it may be, okay, are basically swanning around in palaces going on cruises all the time.

And because your parents happen to live in an area of low house prices or didn't own a house at all, you're still living somewhere crap. Whereas your underlings, you know, whose parents lived in Surbiton or Kensington or whatever it may be, okay, are basically swanning around in palaces going on cruises all the time.

And that does strike me as a fundamental flaw that we've created this system where unearned income, which is not really particularly meritocratic, or inherited income, is treated incredibly generously, whereas earned income, I think the top... If I'm right, is it the top... 5% of taxpayers pay 50% or 60% of all income tax. So in America, it may be the same here too. Probably the same here.