THERE’S nothing curious about it. Mark Haddon (Oxford Mail, August 14) is spot on. People earning more than £150,000 a year (that’s £2,885 a week) should be paying more tax. Wealthy taxpayers should be providing more money to invest in things like homes, railways and a low-carbon future.

It’s the sensible way to get us out of the Coalition’s double-dip recession.

Just borrowing more is no use because it puts us into the hands of the speculators and money markets. What can anyone possibly spend that kind of money on? Each of us can only eat and drink so much, sleep in one bed, go on so many holidays or spoil our children so far.

Millionaires end up giving their money to the banks and receiving a tiny rate of interest.

They still get to keep half of everything they earn over £150,000 a year. Nicola Blackwood MP should be campaigning to keep the 50p tax rate for the very rich, not voting to scrap it.

She and her Tory and Lib Dem friends vote to cut benefits, increase train fares and starve local councils of funds.

At the same time they slash taxes for the very rich. While we are at it, let’s also introduce the Robin Hood financial transaction tax. The speculators and bankers got us into this mess.

It’s about time they started paying to get us out of it. Good for Mr Haddon. We need more incidents like this. Day time and night time!

JOHN TANNER (Labour Cllr) Board Member for a Cleaner, Greener Oxford City Councillor for Littlemore & County Councillor for Isis