Ritchie has his cake and eats it over 50p tax

Posted by Christie Malry on March 22, 2012 at 9:45 am

This morning's gem:

Richard Murphy (RichardJMurphy):
Now the government’s admitted 50p tax rate payers did £6 billion of tax avoidance will they revise the tax gap? http://ht.ly/9O7tb

So, Ritchie makes up a wildly inflated claim of the level of tax that will be raised by the 50p tax rate. When it doesn't materialise, rather than admit his estimate was wrong, he uses it to claim that the difference must be due to avoidance. His misplaced belief in his own infallibility is positively religious.

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