Rachel Reeves is playing Buckaroo with Britain’s taxes ...Middle East

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The goal is to add items to the mule’s back – ropes, axes, spades, a frying pan, a bedroll – without making it buck. As you carefully place each item, the spring builds and the mule can suddenly kick, throwing everything off.

And it’s not as if our animal legs aren’t already quite burdened, trembling slightly with each step, our ears drooping and breath laboured, as we struggle to carry the disproportionate load across the shifting sands.

Let’s be honest here: Labour has always been a party obsessed with redistribution and hoarding. Its psyche doesn’t allow for deep-seated anxieties in the individual who wants to store their cash for self-protection; the party’s desire is for control and security, and removing assets is how it thinks stability amongst the masses should be maintained. Materialism, where objects become extensions of identity and self-worth, is seen as distasteful because it separates the haves from the have-nots.

The mean thing about inheritance tax, apart from the fact it taxes wealth that has already been taxed, is that it goes entirely against basic human nature: that evolutionary drive to ensure survival and continue the genetic lineage, but also as an expression of self-sacrifice and moral duty. It boils down to the simple question: is it better the state looks after you, or is it better your parents do?

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What gets my goat, and the goat of many others, is when a chippy political party, rife with special interests – that will be for the train drivers – start funnelling my hard-earned cash into the hot furnace of institutions rather than reforming them (see the NHS – I remain to be convinced that Wes Streeting’s demands for reform will come to anything) or into pipe dreams (net zero), or when it starts to distort markets (VAT, fuel duty, stamp duty), or reduces personal responsibilities by managing people’s lifestyles (sugar tax, fags, alcohol).

Carry on like this, and Reeves might soon find she has added the last burden she can to Britain’s back – and that we are ready to kick.

Sasha Swire is the author of Diary of an MP’s Wife

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