Firing Line with William F. Buckley Jr. - "The British Mess, with the First Lady of British Politics"

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Released 2010

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Released:
2010
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Taped on September 14, 1975. For most Americans, this show offers a first look at the woman who would do so much to shape the last two decades of the 20th century. At this time, she had been Party Leader for seven months, having defeated former Prime Minister Edward Heath. Today's discussion focuses on domestic issues, particularly the need to generate revenues not through higher tax rates but through economic growth. This, Mrs. Thatcher explains, is not only a matter of equity: it is also that the privileged few have already been reduced to such a very few by thirty years' punitive taxation that even total confiscation would not yield enough to do much for the poor. Thatcher: "We've had a very interesting Royal Commission sitting on the distribution of incomes and wealth, and what they've shown--contrary to what those who set up the Commission thought it would show--is that your top one percent have about four times the average income; the top 10 percent have about twice the average income; down at the bottom, the lowest 10 percent have about half the average income. Now from half the average to four times the average income is not really a very big variation." Summary by Firing Line staff.moreless
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