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Blaming diplomas, natural capital and delusions of violence

By Prospect   November 2011

Scrap the 50p tax rate

Chris Huhne’s argument in favour of keeping the 50p tax rate (October) reminds us that politicians lie when they promise that a tax hike is only temporary. It also shows the main danger of progressive or graduated income tax: by dividing citizens into different groups, they can be mugged one group at a time. Politicians like to tell voters: “I have a great idea and only the two guys in the corner are going to pay for it, so why don’t the rest of you step outside?” Of course, the next time they come for…

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