Make rich pay

While the Government is aware of the anticipated deficit, it would be sensible to look for additional finance from the tax revenue.

I suggest that the administration should consider adding a further tax level, in other words, an additional five per cent payable by all those whose taxable income was more than $2 million for the last fiscal period.

As tax is assessed on payers at the end of the previous year, the expenses of collection would be minimal and would do much to provide urgently needed funds. At the same time, it might allay any resentment felt by those having their salaries reduced.

NAME AND ADDRESS SUPPLIED