I have no problem with higher taxes for the rich, but I don't see this as taxing the rich it's more about taxing the medium to higher earning workers, while I'll admit to some £75,000-£125,00 may seem like a lot of money it really isn't.
The biggest con is the freezing of tax thresholds this is hitting the least well of harder in percentage term, If things stay as planned pensioners on basic state pension will be paying taxes soon.
The vagaries in our tax system is basically the more you have the less in percentage terms you pay.
The average rate of tax paid by people who received one million pounds in taxable income and gains was just 35 per cent, the same as someone earning around £100,000, only one in four of these paid 45 per cent close to the top rate, while another quarter paid less than 30 per cent overall. One in ten paid just 11 per cent the same as someone earning around £15,000. The rich, it seems, are not all in it together.
These low rates are not driven by complex tax avoidance schemes, that's a whole other can of worms, they’re part of how our system is designed. Where you get your money from matters, because investment income and capital gains are taxed at lower rates than income from work.