The People's Forum
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Depends on what your priorities are
I'd be happy to pay 35% basic rate Income Tax if I knew:
* Hospitals, schools and other public services were being adequately funded
* The rules on tax avoidance were tightened up
* Corporations also paid their fair whack
* The threshold at which one became liable for income tax was set to a level whereby the lowest laid were exempt
But that's just me and my wish for a more equitable society.
98% tax is confiscation, pure and simple. Even the Corbynistas don't want to return to 83% tax levels (or at least, that's what they say).
If you think that 35% is fair for basic level taxpayers, that's your right. I doubt if it would win many votes, even if the opposing side was led by a loutish liar like Johnson.
The cuts were a lot bigger at the top end.
That was sold as "allowing money to be freed up for investment". And it was; investment in big houses and swimming pools. And offshore banks.
The point is that the 1970s certainly weren't a "golden age". Another thing to remember is that the BASIC rate of income tax was 35% in the 1970s so tax cts (which occurred in the 1980s) weren't all for the rich.
You could also mention appalling, incompetent management in industry, chronic lack of investment, piss poor products which nobody wanted to buy, the oil crisis, a currency devaluation, spaffing the North Sea Oil revenue on tax cuts for the rich...
Your point, caller?
You could also mention endless strikes, inflation at 25%+, begging the IMF to bale us out, unemployment going up steadily, wage freezes .......