From an interview with Tony Blair in The Wall Street Journal*:
“Among other things, it [i.e., Tony Blair’s memoirs] explains his current opposition to high rates of marginal taxation.
'The most important thing is to encourage strong growth, for the economy to create wealth. And I just think this is a very basic point … you need tax rates that are competitive with the world in which we live and in which people’s hard work and enterprise is rewarded.’ As for the notion that the purpose of progressive governance is to tax the wealthy and redistribute it to the rest, Mr. Blair urges caution. ‘The people you end up hitting are not the very wealthy, because in my experience the very wealthy can make their own arrangements.’”
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* Bret Stephens, “The Weekend Interview with Tony Blair: In Defense of the West – and the Third Way,” The Wall Street Journal, September 25, 2010
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