Crazy tax plans from the LibDems

More LibDem madness. Well, they aren't an entirely useless party, existing as they do to remind us of the dangers of placing power into the hands of crazy people.

Their leader, Sir Menzies Campbell, has breathlessly informed us of his desire to increase taxes on the rich, citing in support an opinion poll that showed that a majority of people felt that the rich were not taxed enough. All very well, that, except that the respondents in the poll were talking about those earning over £100,000. Sir Ming's definition of 'rich', however, is an earning threshold of £70,000.

Yes, £70,000. Even if we were to accept that a school headteacher earning that sum could be described as rich, what about the fact that Sir Ming's definition applies 'per household'? Therefore, a household where the combined income of two working adults is £70,000 (not at all uncommon) would be classed as rich by the Lib Dems, and subjected to even higher rates of tax.

Don't see this policy making it into their election manifesto, somehow.