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Tax the rich, goes the cry. But Britain's £100,000 cliff edge disincentivises work, penalises ambition and can leave some parents facing effective marginal rates of over 2,000%. And what counts as rich anyway? Today's Big Read is on #FTEdit 👉 ft.trib.al/UFKYs3f Take the poll 🗳️ ft.trib.al/y6Hk5jw

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I think a more pressing concern is the punitive levels of effective taxation applied to those coming off benefits into work which means there is genuinely little incentive to start working. But I guess your colleagues have never met anyone in that position so they don't count...

Don't let the anomalies cloud the bigger picture. ordinary Joes have been had off over 40 years.. they bled the poor first and non the middle...

The rich are those, who own the shops, the restaurants and business, that create the jobs. The young protesters in France and elswhere, who destroy those entities, may get a narrover range of working possibilities, but instead they get though the satisfaction of destruction.

Thank you for your reply! Just wanted to make the point as I've already seen people conflating things and using the article to post 'woe is me' reactions re those with 100k incomes, which I don't think addresses the real issue of wealth inequalities.

The £100k is the wrong focus and so is income. For tax to be the equal it has to be simplified to cover all weather. There are approx 3m households in Britain with wealth of on average £1.75m, with nearly 80% of that tied up in property and pension schemes. Taxing income only is unfair and..

Unbalanced. The myth of the wealthy upping and leaving in droves is nonsense. Their wealth is either physical (property in the UK) or pensions, parked in the UK. Fairest approach is a flat annual tax on wealth. For about 6% you could cover what direct and indirect income taxes cover. For another..

For another 3% you could remove all forms of tax and cover the total exchequer tax with a flat 9% tax on all wealth annually. For your average person their primary way of growing wealth is through their salary. This is the easiest to tax. But it is unfair that the wealthy, who have many other...

wealth inflating levers like Property, Investments and tax efficient pensions can in many ways dodge tax on their growing wealth and when super savvy actually borrow against their accreting assets and reduce their tax costs further, whilst using the loans to fund further wealth growing opportunities