June 3, 2025 - 06:43
To govern is to choose. This week, Sir Keir Starmer has repeatedly emphasized the difficult decisions he faces in funding the defense of our islands. However, his proposal for a family business death tax raises significant concerns about its effectiveness in enhancing national security.
Critics argue that imposing a tax on family businesses during times of economic uncertainty could undermine the very foundations of our economy. Family-run enterprises are crucial for local communities, providing jobs and supporting livelihoods. By taxing these businesses at a time when they are already struggling, Starmer risks jeopardizing their survival, which could ultimately weaken the economic stability necessary for a robust defense.
Furthermore, the notion that a death tax on family businesses would directly translate into improved defense funding is questionable. Many believe that such a tax could deter investment and innovation, leaving our defense capabilities vulnerable. As the debate continues, the focus must remain on practical solutions that prioritize both economic growth and national security, rather than divisive tax proposals that could do more harm than good.
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