The argument that is made for the top rate of tax is political class warfare at it's best.
The facts are not disputable, during Labours time in government the top rate of tax was 40p, even after the banking crash they did not raise that rate, WHY? During the last dying days of Labour they introduced a top rate of tax of 50p, WHY?, because they knew it was toxic for the Conservatives to lower it back to the level Labour had found appropriate. It gave Labour exactly what they wanted, the only desperate hope to keep their core vote onside, class warfare and the ability to say they remain the party of the working class. Shabby!
I don't care if it is 40p, 45p or 50p. I want an honest appraisal of which rate brings in the most revenue and sod any other issue , it should be about the revenue raised, nothing more.
If 50p is proven to generate more money, fine, have a 50p rate, 60p if it can be proven it generates more. My understanding of it by listening and reading about it is this is notnot however the case. I know it hasn't helped France by putting taxes up because of the argument the rich must pay more, they all buggered off.
Is it not the case that the top 1% who pay the top tax rate pay something like 28% of the revenue to the treasury? They are not all millionaires either are they, yet to listen to the left they are and deserve what they get. Whilst they are at the top of their profession they include employees of the NHS, Education, Emergency Services, Councils, Charities, Civil Service, or am I wrong again?