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The British Economy Hasn't Had Its Fair Chance
High marginal tax rates were originally abandoned in the course of the 19 eighties by the thatcher administrations. The argument they had, which was made plenty of sense at the time, was that and the british economy seemed to have lost its way. It doesn't produce any better economic growth rates than were achieved during the fifties, sixtes, and early seventies before the oil crisis. What is also created, of course, is rising poverty thoge statistics that tis table about the constituencies shows. And it goes alongside workers at the bottom of of the pyramid, so to speak, having less opportunity.