But only higher taxes could see such a progressive leap in public facilities. That is whatever the economy and employment can bear, whatever voters will wear once they see what the money can buy. High taxes well-spent are virtuous, but the case for taxation would have to be made boldly. Start with national insurance where the rich still don't pay their fair share. There is a ceiling which means the low paid pay a higher proportion than top earners.
Inheritance tax is now almost non-existent.
The Fabian tax commission is considering a good inheritance reform that would bring in billions. The valuable signature of a local planning officer lets them make millions without paying any tax at all. All these are stealthy ways the rich pay too little tax. Taxation is fiscally virtuous because it allows spending without inflating the economy. Taxation is a far better way to damp down over-heating than by constantly pushing up interest rates, which helps to keep the pound far too high for industry.