In his stimulating article {Golden Years, October 2011) Emile Woolf states: 'Higher taxes are the opposite of what is needed in a recession and would damage attempts to stimulate business.' I can recall a time, just after WW2, when the tax rates were much higher and arguing they should be lowered was tantamount to treason. Surely it would be wrong to dismiss the input the rich could give in overcoming our present financial difficulties. The wealthy are prepared to pay large sums to acquire fame and power, not just money.
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