It makes little sense for those earning £49,000 to be paying the same rate as those on £149,000, nor should those earning £500,000 pay the same as those getting £200,000. The Laffer curve was only created to enable Ronald Reagan to lower taxes so it needs to be discredited, and draconian measures introduced to ensure that the rich, for the first time in our history, pay their fair share. Let’s start with a 90% tax on incomes over £1m.
All tax avoidance should be made a criminal offence, as should giving advice to enable it to take place.
No, the Laffer Curve is a mathematical certainty. And the definition of tax avoidance is that it’s legal.
Sigh, Guardian letters page, eh?