Devil's Kitchen is once again talking about his favourite woman and how wealth inequality should be regarded as unimportant.
This is my reply.
What DK fails to realise is that wealth inequality is a problem in itself.
Of course in the UK there is virtually no absolute poverty, but reducing relative poverty is important if you want to improve things.
The more wealth inequality you have, the higher the crime rates and the wider the health and education inequalities etc.
The price of lower taxes (for the rich) is paid by having a less pleasant society to live in and I would argue a less efficient economy.
Yes, reducing inequality will mean higher taxes, especially for higher earners. You ask if 45% of GDP taken in tax is sustainable? Well Sweden has managed many decades with over 50% tax take and Germany many decades around 45% and both have had higher levels of post-war economic growth and higher levels of exports, as well as having much more equal societies and much better public services.
We already have some of the highest levels of inequality in Europe. DK seems to want to move towards even worse levels of inequality (like in the US), the majority of people in this country would rather see less inequality and if we had a decent electoral system we would get it.