Actually on this topic I had a conversation with my Mum about this and we played a hypothetical game. My Mum was appointed First Minister of Wales with increased tax raising powers, she said it was stupid that anyone should earn more than £150k a year and the tax rate at that level should be 100%.
Fast forward a few years and oddly the biggest impact was Swansea City who had been relegated twice. Not only had Swansea lost its expertise in running corporate events and grounds keeping but oddly pubs, restaurants and transport had to lay off loads of people.
The tax take had actually collapsed and now a culture of being on the dole was rife. Despite this desperate situation at least the lefties were able to sleep better and had killed any neo-liberal agenda.
