Soak the rich!

You can already hear Ed Miliband bleating “Soak the rich” as he frantically tries to hold on to the leadership of the Labour Party. Soak the rich? They’re already thoroughly drenched.

HMRC have released figures for 2013 showing that top 0.1% of income tax payers handed over 11% of the total tax take. Even more surprising, the top 0.01% paid 4.2% of that total, the same as the bottom 30%. Putting it in another way, the 3000 wealthiest individuals pay the same amount of tax as the bottom 9 million.

And this is under a Conservative government! If it gets any worse we will all be deafened by Golden Geese flapping their wings as they fly away.

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