Are we to repay our debts, prior to starting this brave new world, or shall we wipe the slate clean and start again?
This country is deeply in debt, and in order to repay that debt, we must stop spending more than we earn.
It's really as simple as that.
Any change in the tax regime, or revamp of our fiscal system, will ALWAYS impinge more on the poor than on the rich. That is an unfortunate fact of life.
I believe that raising Income Tax, as the fairer way to increase the Treasury's coffers. Then as a retired person, I would say that, wouldn't I? :)
However since the reign of that lady Richard Bridge is so fond of, [She ran the country single handed you know!] direct taxation has been a dirty word, whatever party is in power.