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    I really do not see this as anything to get overly concerned about as such.

    What is important is not the level of income of the better off but ensuring that there are opportunities for the less well-off to improve their circumstances and income through work and education. It is the lack of opportunities in some economies like Mexico that is a problem.

    Daft ideas like high taxes for the rich simply will reduce the level of tax-take. Better lower simpler taxes as I have always said. That will increase the tax-take from the wealthier and boost growth and investment.

    Currently, figures for 2010/2011 tax year, the top 10% earners (those on over £48,000 pa) contribute 53% of the income tax collected by HMRC and the top 1% of earners (those on over £150,000) contribute 27% of the total income tax take. This would increase with lower tax rates as has been shown in the past.

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