Also, the rich are paying more than their share. The tax system is regressive: as HMRC statistics show. If you earn £10,000, you will pay the taxman 3.6 per cent of your income, on average. Earn £20,000, you will pay 11.2 per cent. At £50,000, it’s 21.9 per cent. It’s only when you’re at £200,000 or above that you pay in the high thirties. That’s why the top 10 per cent make a third of the money, but pay more than half of the income tax.
That’s a progressive tax system, not a regressive one.