“I have no problem with wealth especially if it’s earned wealth (not born into it)” – so you have a problem with people who come from money? Those people whose parents perhaps worked their backsides off to provide for their children? So when you pop your clogs you won’t leave your kids anything, you’ll just give it to charity…? I’m scratching my chin here!
Firstly, you squeeze rich people until their pips squeak through high super-taxes as Labour’s Dennis Healy in the 1970’s pledged to do, then people leave, become tax exiles, start hiding their money or just stop working altogether, then your tax revenues go down. Giving rich people tax breaks make them happier to pay tax and less inclined to avoid it.
The shadow cabinet being packed with millionaires is not something I can get worked up about when you consider the non-millionaire goons you have in Downing Street at the minute who act like millionaires spending the countries money like water and flying about on private jets at the tax-payers expense.
The very wealthy people I know (and I know a few where I live) are very careful with their money and I would rather think that if they are careful with their money and able to make more then they may well be careful with the countries money.
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