>>>>Since, according to this : http://en.wikipedia.org/wiki/Distribution_of_wealth , the top 10% own 70% of the wealth I wonder why you regard the tax structure as unfair?
>>>>
>>>>I suggest you pick up a copy of Ayn Rand's "Atlas Shrugged" and read it. You may find the answer there...
>>>
>>>I was hoping for a simpler way of getting an answer :-{
>>
>>Economics its a matter of opinion. There are no 'facts'. We can see this because sensible people can have the same education, see the same symptoms and come up with diametrically opposed opinion and then be surprised when events prove them wrong.
>>
>>So your best bet is to make up your mind what you want to believe and stick to it.
>
>I guess I believe that the current income tax structure in the UK (bearing in mind the 20% VAT factor) is about right.....
>Interesting arguments going on re: abolition of the 50% rate tho....
>
>>I was over in Sunny Wales on Saturday visiting relatives in Brecon. I'd forgotten how pretty it is around there. I'll have to get back and walk up on the beacons sometime soon.
>
>If you come this way again give me a shout - you can buy me a pint :-}

I think the 50% tax rate may well be inefficient but at a time of national belt tightening getting rid of it will send a very bad message for the coalition.

I'll remember that. Any good Welsh micro breweries round your way ?