If we tax them, creative people will not innovate

In the 1960s, the top rate of income tax in the UK was 90%. Alec Issigonis had designed the Mini; the fastest bike on the road was built in Stevenage; the Rolling Stones and the Beatles were in full flow.

Today, the top rate of income tax is 45%. The Mini is built by BMW; the fastest bike on the road is Italian; Coldplay release a new album tomorrow.

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