. He\’s approved higher taxes for top earners and promised further help to pensioners and the poorest. In all this, we see the return of Labour values, which seemed at times over the last 10 years to have vanished into history. Nobody wants a state-run economy or 97% marginal taxes, but the notion of a slightly fairer, less materialistic and longer-term polity is not an ugly one, and is now sellable.
Haven\’t you noticed, we do have 97% marginal taxes? It\’s just that we charge them on the poor, where the tax and benefit systems meet.