High tax rates on the rich is not a good way to redistribute income (“Rewriting the rules”, The Big Read, September 2). With higher income tax rates, the rich will shelter more of their income through tax carve-outs, and they will invest less in the UK and more abroad. The Corbyn government’s Robin Hood strategy will almost always fail because it means less, not more income to take from the rich and give to the poor. When you put “tax fairness” ahead of economic growth, you produce neither.
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