Seanjd
Player Valuation: £30m
Would a more suitable example be France, with their 75% top rate of tax? They're a similar size country, similar culture etc.
Not only did the economy not grow, but tax revenues also fell, which is logical if you think about it, as keeping just 25% of what you earn would make it much more attractive either not to bother working in the first place, or moving your talents elsewhere (hence the large French expat community in London - who will be paying taxes here don't forget, together with all of their high skills).
The 75% top tax rate is reserved for those earning over £1m a year. Are you telling me that a 75% tax rate would "make it much more attractive not to bother working"?
I wouldn't even get out of bed for £250,000 a year!
You can talk about moving talents elsewhere, but more British are living in France than French living in Britain, so that argument doesn't work.
http://www.theguardian.com/news/dat...ope-nationalities-across-the-continent-mapped
Ultimately, I believe that those who earn obscene amounts should be paying more in tax than they currently are.

