“Politicians should leave the wealthy alone: they already contribute more than their fair share”
While the rich get even richer, low and middle income households are feeling the pinch. Are wealth taxes – such as the ‘mansion tax’ or the 50p tax – the answer? Or is it economically counterproductive to squeeze the rich? In a globalised economy, the wealthy can easily move to a more hospitable country, taking their taxable income and capital with them. Since the top 1 per cent of the country already pay more than a quarter of all taxes, shouldn’t politicians leave the wealthy alone?
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