Chippy_boy
Well-Known Member
EalingBlue2 said:When? Not that I am arguing with the sentiment some of the tax levels paid by very rich businessmen is awful, plenty of billionaires paying less than 5%Chippy_boy said:EalingBlue2 said:Because as I don't earn 100 million a year and the state doesn't Feed and house my family it wouldn't work out, I don't think in any of your examples or in any country in the western world anyone Pays close to that even at the serious extremes of top rates of 90 you would have to earn many many millions to get close
That's not the point. Your argument is that rich people should pay more. Well they already do pay more. A LOT more already. But you say no, it needs to be more still. How much more?
If there's anyone on huge incomes paying 5% tax then that's surely wrong, I would agree. Clamping down on this is certainly the right thing to do and I don't think anyone has a problem witht that. In fact Cameron has been leading the way on it, domestically and on the world stage.
But what about people on say £120k a year? These aren't necessarily "rich" people and yet today they already pay many times more tax than people on somewhat less. Not marginally more tax, many times more. Someone on £120k pays about 5 or 6 times as much as someone on £30k.
It is not "more fair" to make them pay even more.