It is only by the creation of wealth that we shall ever have a prayer of recovering from this terrible economic position. That dictates that a government, of whatever party, should not increase taxes. All three are now agreed that it is, on the contrary, a superb idea to impose more taxes on the so-called rich. One would expect Labour, which (apart from Lord Mandelson, whose best friends they all are) hates the rich, to do this on the principle of spite. One would even expect the Lib Dems to do it, for they stupidly feel there are votes in taking money from the "rich", whom they suppose everybody who is not "rich" hates and envies. Yet we also get it from the Conservative Party, not, we must suppose, for reasons of spite, but certainly because the focus groups (those nurseries of grievance and envy) beg for it and, as usual, for reasons of sheer economic illiteracy.