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I tend not to post on political threads, but the issue of taxing the rich is one which will influence the way I vote at the next election, and as such I have followed this thread with interest. As I see it, this issue is a clear indication of who can be trusted with the economy. The Government, (along with one or two here), repeatedly claim that the 50p tax rate reduced the Treasury's tax take from higher earners. I have yet to see Labour, or their supporters here, disprove this. Indeed I don't remember hearing Miliband/Balls even dispute the fact. And yet every Labour minister, MP, candidate and activist interviewed on TV complains about tax cuts for the rich, tax cuts which would increase the tax take. I understand they don't like it, but the important factor surely is the treasury coffers. From this I read one of two things. Either Labour don't grasp the extent of the trouble this country is in, or they do, but consider their political ideology to be more important.
I am a self confessed economic novice, and welcome anyone to correct me if I'm misunderstanding this. As I see it, the Government may be on the right path, they may not. I don't know. But what can be certain of is Labour is failing as an opposition, in that it is not providing the country with a credible alternative.