Simon DuffyWhen the mouthpieces of the rich tell you how terrible it will be if we tax the rich, consider previous tax rates. In the 70s the top rate of tax was 83%. In the 60s & 70s financial inequality reduced and the living standard of most people improved. #TaxTheWealthy https://blogs.lse.ac.uk/politicsandpolicy/the-top-rate-of-income-tax-2/
The top rate of income tax - British Politics and Policy at LSE
If a new government were to raise the top rate of income tax, it is unlikely that the UK's highest earners will work less hard but it is likely they will try harder to avoid paying tax. That means tougher enforcement will be needed if taxes rise, says Alan Manning. For the latest research articles