Lile I said I didn't start it. But I was told I was wrong by someone who was wrong. That meant the FT was wrong. All the graphs were wrong. And when I said so the shitfest started as usual.
No - my “sounds good” comment was tongue in cheek.
We all need to pay more tax. Employees, employers, especially the rich (individuals and businesses) who have unequal access to cheap debt unlike the poor.
Then you get the problem of how much more to tax before it becomes not worthwhile trying to earn more. And the more you tax people the more will look at ways of dodging tax.
Is someone who earns 50k a year rich? They are already in the 40% band. People already turn down work at that rate as nearly half of their earnings go in tax. Higher tax rates can reduce tax paid. Someone earning 46k takes home about 34k. After that it goes down even more. But if a couple both earn 23k they take home about 38k.
Or is it those on over 150k should pay more than 45%? How much should it go up to?
I don’t know what you mean at all, please explain. Who exactly is rich 16k earners? 25k? 32k 40k? What’s your more tax mean 40% 50% what and who do you want paying it?