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    I tend to agree with Reg. The Tories seem to be allowing every kind of income/bonus increase by those who can establish their own salary.

    V. Cable knows that it can't go on like that, at least as far as city bankers are concerned.

    Private (personal) assets in cash/shares/bonds and the like - I still don't know what a hedge fund is - which go over £100 million, should undergo a one-off taxation of 95%, methinks.

    Over £10 million pounds should be taxed on a one-off basis of 50%.

    On lower figures (£5 million +) one could suggest 25%.

    My personal calculations seem to indicate that more than the equivalent to the State budget for 1 year could be raked in by doing a one-off taxation of the super-rich in Britian, which would still leave these people in possession of enormous private assets.

    If you have £10 million in private assets, and then find that the State taxed half of it away on a one-off scheme, so that you "only" have £5 million left in private assets, do you become poor?

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