Is there excessive influence by the wealthy and powerful?

We’ve had a week of negative reports about tax avoidance by wealthy individuals through Swiss HSBC accounts and large donations to the Tories by City of London and Mayfair people, particularly the latter in hedge funds. It raises several issues for the student of politics. Setting aside the question of the rules governing taxation and how they are enforced, we can look here at the funding of political parties and of politics more generally, the links between special interests and political parties, and that fine line between legitimate influence and corrupt influence through money. Do the wealthy and powerful have too much influence? Arguments by left and right So, the left argue, you donate to the Tories who build the ground on which you can grow your wealth and you can avoid being taxed on it through creative accounting. Meanwhile … Read more

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