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  • Monday, February 28, 2005

    Lib Dem leader says 50% tax rate is fair

    According to this article, from Bloomberg, Charles Kennedy, the Lib Dem leader has defended the proposals to raise the top rate of income tax to 50%.

    Led by Kennedy, 45, Britain's third-biggest parliamentary party is aiming to shift the burden of taxes onto wealthier people to make the tax system more ``fair.'' Raising the top tax rate would affect 1 percent of people who earn more than 100,000 pounds ($192,555), Kennedy said.
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    3 Comments:

    At 2/28/2005 09:54:00 pm, Anonymous Anonymous said...

    There appears to be some retrograde position taken by the LibDems which presumes that taxation in itself is a moral good, hence higher taxes must be better than lower taxes. Surely one of the lessons applicable to all western economies is that higher rates yield lower returns.

    allan@aberdeen

     
    At 3/01/2005 02:16:00 am, Blogger DJEB said...

    Very Orwellian. A progressive tax scheme is retrograde.

    If you don't want to pay the dues, then get out of the club.

     
    At 3/01/2005 08:31:00 am, Blogger Voice 1 said...

    I don't think they take the position that "taxation" as such is a "moral good". I think what they are saying in this instance Allan is that a redistribution of taxation is needed, and in my opinion, it's about time.

     

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