Not taxed enough
Meant to cover this at the time, but for those who think you are already overtaxed, Jordan thinks rich bastards are not taxed enough. He wants a top tax rate of 45%.
Jordan is right that it “would send a clear signal about who Labour is standing up for in the economic system”.
The 3% who would be affected by his super tax already fund 27% of income tax. Jordan feels this is nowhere near enough, so his changes would make it closer to 30%.
Why stop there? Let’s make that 3% pay 60% of all income tax to really teach them a lesson?