UK example of why high tax rates on the rich don't work

[Danzig]

Originally Posted by GenuineRisk

Except that the top 1 percent own 42 percent of the nation's wealth, so in fact, no, they aren't doing their fair share; they're living off the backs of the rest of us. There's nothing like being rich to make a person expect free stuff.

http://thinkprogress.org/economy/201...t-one-percent/

so they should pay 42% of the taxes, instead of 30! excellent point.