An extra band of income tax at the higher rate charged on good earners would raise money for the Scottish exchequer but less than anticipated…
taxation
The left must abandon high tax policies
“The left should opt for an eco-fiscal policy, designed to dismantle rentier capitalism. It should accept that high progressive income tax is out of date. It should make clear that income and consumption taxes are mainly for public services and infrastructure, including transport, defence, housing, schools and other social needs. Beyond that, the aim should be to restructure fiscal policy as a means of common justice.”