BUDGET

I have probably spent the last 50 years demanding higher taxes for the rich. But that sounds jealous! So what I would now like to see is a chart showing how tax income relates to rising tax rates. I think I heard it correctly that as corporation tax was reduced, the tax income rose. If this is true, how does that apply to other taxes? We were told that raising top level taxes would have a negative impact on return (which is the reason for taxation in the first place – apart from tobacco and alcohol). But when some people have run away millions it is perhaps time to consider how they can get that amount of money in the first place.

So a budget which aims to make a more equable society would be nice!

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