Has high taxation of the rich been sustainable as an economic policy?
One of the backbone philosophies of the recent Labour party campaign was higher taxation of high earners (those earning above £80'000 per year to be precise).
Has very high taxation of high earners ever worked or been effective as an economic policy?
Historically and in other countries, have such high tax rates worked well and been a lasting policy which has helped a country pay for public services? What would be the repercussions of very high tax rates on high earners?