Re: All in it together
The sad facts are, if you follow the actual economics and not the straight up logic or your ideology, lowering the top rate of tax will result in more incomes being declared and more tax paid.
It's hard for some to understand as people are blinkered by their financial perspective, but if at the end of the day UK plc takes more tax by cutting the top rate, then that's good for everyone!
The top 10% of earners provide 50% of the tax take. You hammer that 10% too hard and they go elsewhere, then your tax take dives. Ignore the annoyance of seemingly giving the rich a tax cut, and realise the harsh realities of economics should outweigh any social ideology.
This BTW is coming from someone whose earnings are very definitely in the lower tax band of 20%...