Westminster needs to stop looking at any 50p tax abolition as a tax cut and start looking at it as the end of a tax hike. At 40% high earners would still be paying a higher proportion of their income than everyone else and it is to Osborne's shame that he's never put it in these terms.
George Osborne is extremely wealthy and yet does not suffer from the 50% rate as his wealth is derived from family rather than current earnings - and yet he uses his enormous wealth as an excuse to bash the aspirational. He is a petty little man and a weak Chancellor.
1 comment:
I(t's actually 72% plus council tax, road tax, tv license, and 20% of whatever is left.
Or 52% plus council tax, road tax, tv license, and 20% of whatever is left, if they abolish '50%' rate.
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