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What you are saying is totally wrong PaulB. No-one is pleading poverty who is hit by that rate in any sense - you need to look at what is actually being said.
Many of those lobbying for the 50p rate to go and that includes me, are not taxed at that rate but we see the serious damage it is doing to the economy and how that will compound up. The evidence is overwhelming and no-one has produced any data to challenge that mass of evidence. The application of logic alone demonstrates that. It is the poor who will pay the price for the 50p rate, not those taxed at that rate. This tax rate was only set by Brown as a cynical political trap showing how he placed politics before what was best for the country.
Yes - we need a confident and bold government to do what is right to get us out of the mess and not suck up to the ill-informed envious bigotry of the left. Leadership is needed on this.
I wish Hollande a lot of luck as it gives us a chance to attract more wealthier people to the UK where they can boost our coffers and invest here. First though we need to get our max rate back to 40p, at the most, so they come here and don't go elsewhere. Hollande will just drive the French economy even more into the ground. Pandering to base motives for votes and encouraging economic ignorance does not mend a sick economy.
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