Unit 2: Inheritance Tax and equality

There has been an increasing campaign conducted by papers such as the Mail and Express to abolish Inheritance tax which they regard as a tax on the middle classes.

This articl by the Labour peer David Lipsey argues that this is not the case and is actually a progressive tax that counters the inequality which arises in the free market

http://business.guardian.co.uk/story/0,,2011233,00.html

a) What do you think? Should it stay or should it go? The key thing is to remember what the downside would be of abolishing the tax as well as the advantages