Just a quick thought. I may have raised this before now.
We are used to the concept of "sin taxes" - duties on beer, wine, tobacco, petrol and so on, justified by the argument that they dissuade people from doing things that The State In Its Infinite Wisdom knows are not good for us. Things that the State says are bad. Things that we should not do.
So where does that leave the 40% and 50% tax bands?
Is this not a message to the populace that The State does not want you to be a high earner?
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