£40-£50,000 MORE in tax per year! Each!
Feel those pips squeak! This will apparently enable him to fill the £12 billion hole in the LibDem tax calculations. I suspect that although they might be able to fill the hole in the first year, the would reoccur in the second. Why? Because every so-called "rich" person will have left the country. Perhaps someone should remind Ming of what Abraham Lincoln once said...
You don't make the poor richer by making the rich poorer.
UPDATE 1.20: Predicatbly several LibDem posters in the comments section have accused me of making this up. Well, it's in the transcript of the programme. A LibDem poster has also verified what I have written: "Marr said that the very rich who would be paying the extra would be about 250,000 & that this would average 40-50,000 apiece. Ming agreed. In fact Ming went rather further & got it wrong. Marr's figure were that the Lib Dems had undertaken to raise 20 billion, 8 from enviro taxes & 12 from the rich (actualy 12 billion divided by 240,000 averages 48,000 so Marr was being kind). Ming replied that the 40-50,000 would allow them to raise 20 billion from the rich. He had clearly forgotten the difference between the £12 billion & £20 billion figures. Granted it was a Sunday morning & he wasn't called on it but it does suggest he is not entirely on his brief".