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While I do agree with Ross, to a point, I would still have reservations on the top rate. What the figures do show is that those who could afford to pay it, demonstrated by their being able to comfortably bugger off elsewhere to hoard their cash, will never be contributing to the economy if they can help it. For the economy to improve money needs to be in circulation buying stuff that then needs to be made or grown by people being paid to do so. Recovery does not come from people hiding their cash under the mattress, whether that mattress is in the Cayman Islands or Switzerland.
Times are better when the person on the street has cash in their pocket and is out there spending it. Now we have the money locked up by people intent on trying to convince us all that we will all be happier with them sitting on it.
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