The idea being scrapping the 50p tax rate is that somehow it will make rich people pay more tax. That doesn’t seem to make sense. When the rate goes down will people paying the higher rate ask their accountants to stop dodging tax and decide that it’s now okay to pay more?
Ah! But we are closing all the loop holes too, they say. Okay, close them, and keep the rate at 50p as well. Just… fucking tax the bastards.
Sorry, that was uncalled for. They are not all bastards. I’m really upset with the betrayal. You expect the Torys to be dicks, but the Lib Dems made me vote for them. To be fair I don’t think Charles Kennedy would have ever shacked up with Cameron, and I never voted for Clegg (admittedly due to tactical voting, but still my hands are relatively unsoiled).