Unless you earn 50k a year. Then you're actually only taking home £30k
Like, I get the principal. Tax the rich more. I do get it.
But I really think we're gonna have to start redefining rich. I'm 24, nowehere near 50k and given the industry I'm in I'll be lucky to get to that any time soon. Have a mate who went into an apprenticeship and now earns that. He's worked hard and took a gamble which has paid off for him. He already pays 40%. He's managed to get his first house etc (rare for someone my age now) and he's taxed a bomb as it is, when it all adds up with council tax, national insurance etc.
All this money can't possibly come from the top 1%. They'll find ways around it and if the big companies can't do so then they'll simply not trade in the UK if it's not worth it for them. So, ultimately, it'd just be the 'middle ground' (not even middle class, because many people who are working class manage to earn good money) who end up fronting the cost.