Socialists can not learn.

In the 2009-2010 tax year, 16,000 British citizens reported income in excess of 1M Pounds. Gordon Brown (previous PM, a Socialist) thought that this was a great opportunity to fatten the Treasury, so income taxes on the "rich" were raised to 50%.

NEXT YEAR, THERE WERE ONLY 6,000 CITIZENS reporting incomes above 1M Pounds.

Do Left wingers have the capacity to reason? The British govt actually got less revenue with the higher rates. Not surprising. When Ronald Reagan reduced income tax rates, tax receipts almost doubled. That's the way it works folks.

PM Cameroon and his govt is going to reduce tax tares to 45%. Will that be enough to yank Britain out of a recession? I wonder.

For people like Gordon Brown and Obama, it is NOT the results of tax policy that matters. Socialists simply do not think it fair that some people earn more than others. They want to stimulate the economy by govt spending. Does it work? No.