Posts Tagged ‘50p tax rate’

The ultra-rich hold us to ransom again

by Michael Meacher.

Greed is good, or at least that’s what the bankers and CEOs of the biggest companies think. What is surprising is not their avaricious self-interest and total indifference to everyone else, but the blatancy with which they flaunt it. As their leader so movingly put it, they’re all in it together – the CEOs of […]

The 50p tax rate – a welcome blow against the entitlement culture

by Phil Burton-Cartledge.

Did Ed Balls announce the nationalisation of the top 100 monopolies or something at yesterday’s Fabian conference? I was there, and he assuredly did not. To make sure the dangerous radicalism of putting 5p on the top rate of tax was boxed in, he even ruled out renationalising energy companies and the rail. And yet, according […]

We shouldn’t cut taxes for the rich – we should raise them

by Owen Jones.

Yesterday, we learned that right-wing economists don’t like progressive taxation. Not a bombshell, you would think: but a letter signed by 20 economists (£) calling for the 50p tax band to be scrapped was deemed important enough to be the BBC’s main news story. If you’re wondering who’s behind this initiative, it’s being funded by […]

50p tax rate? Nowhere near enough

by David Osler.

The idea that the rest of us suffer because the super rich are subject to a nominal tax rate of 50p – and that’s the claim that 20 leading economists advance in the Financial Times this morning – is special pleading at its worst. What’s more, it is entirely intellectually spurious, too. For a start, in […]

Cutting 50p tax rate is unfair and unnecessary

by Michael Meacher.

One has to rub one’s eyes. Britain is smack on course for a double-dip recession, the collapse of consumer and business confidence is ubiquitous, the manufacturing PMI barometer is turning down more sharply even than after the Lehman Brothers collapse, the US housing and labour markets remain extremely fragile, the Eurozone sovereign debt crisis is […]

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