Greg Hennessy wrote:
On Sun, 21 Dec 2003 14:24:55 +0000 (UTC), "Cast_Iron"
wrote:



That was Thatcher's theory, it didn't work.


Oh really ? That explains why the tax take increased by
nearly 50% when the 60% band was abolished.

It also explains why the top 10% of tax payers are now
paying close to 40% of the overall take compared to just
over 20% at the height of so socially equitable rates of
98%.



But they don't spend more cash.

So what.

Everyone has certain needs, once those needs are met their
surplus cash its in the bank or wherever they choose to
put it.

This has what to do with the price of eggs ?


greg

If you hadn't snipped it your own contribution you would understand. In
order to refresh your memory I'll repost the relvant bit.

"The rich will always provide you with more revenue per capita as they're
spending and earning more cash."