A recent letter from Martin Evans of Llangynidr, Powys, criticizes proposed tax measures targeting wealthier individuals, characterizing them as unjust burdens on older, prudent savers. Evans argues that once income tax, duties, and value-added tax are paid, additional taxes—such as those on bank interest—should not apply unless returns exceed inflation.

Evans contends that the push for a mansion tax reflects a culture of resentment he associates with the Labour Party, suggesting that some socialists advocating for such taxes themselves possess considerable personal wealth. He calls for a reevaluation of what it means to be a millionaire, noting that inflation has significantly altered the meaning of wealth over time. For example, he points out that a house sold for £21,000 fifty years ago would have been valued at around £1 million twenty years ago.

He characterizes the proposed tax as an attack on older individuals who have saved and lived thriftily, implying that these measures unfairly target those who are only modestly better off. Evans’ perspective reflects concerns about the impact of tax policies on pensioners and retirees who may fall victim to what he describes as a “tax trap” on savings and assets.