In a bizarre echo of the Tea Potty motivations behind the US debt ceiling crisis Norman Lamont (a disaster of a former conservative chancellor) and Boris "Bloody Stupid" Johnson have together called this week for a cut in the highest UK personal tax rate of 50%.

How nice then to see Daniel Alexander (chief secretary to the Treasury) call this "cloud cuckoo land" (although if people really remember the roots of the expression it is not even as good as that) and Vince Cable (needs no introduction) say that it is economically illiterate.

I'll never like this illegitimate coalition, but it is nice to see that some members of it actually remember some principles and indeed the terms of the coalition agreement.

Indeed it's nice to see Danny Alexander apparently capable of learning.

The worrying thing is that both are Lib Dems so there is every fear that the disgusting Osborne will carry on trying to enrich his "aristocratic" pals at the expense of the rest of us.

Tax cuts for the rich make no sense. The rich have a lower marginal propensity to consumption than the poor, and indeed tend to squirrel money away abroad outside the reach of the UK tax net and to the benefit of other economies than our own. The poor, of necessity spend all they get and so stimulate the domestic economy, although the wisest choice is to garner tax and have the government spend it where it does most good.