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@Andrew
Laffer.... The so-called Tax Payers Alliance (an offshoot of the Conservative Party) are always banging on about him. There is some relevance, but look at this bit: http://en.wikipedia.org/wiki/Laffer_curve#Tax_rate_at_which_revenue_is_maximized
. The point at which the Laffer Curve comes into play is at about 70%. Considering, and simplifying a lot here, that the top 1% pay about 25% on their income (they might pay 40% on their earned income but they have other earning such as dividends and capital gains on which they pay less tax, and then of course, they have good accountants), we could double the tax they pay, which would mean they would be covering about 50% of the country's tax take, without the Laffer Curve starting to limit the tax base.
I'm not suggesting we do, just saying that the scope is there - that is worth taxing the rich.