Of course it does make sense.
But raising taxes for the ' rich ' in the UK won't help the people who need the most help in the slightest.
Labour's starting point should be a ' Turnover Tax ' on multinationals so that the Starbucks, Amazons, E-Bays of the world pay tax on their revenue in the UK and NOT on their alleged profits in the UK which can basically be manipulated to whatever profit the Corporate HQ in USA or Germany or wherever want.
We have something similar here - several different Corporate Taxes and Employer Social Security Contributions are based on Turnover, not profit, of about 0.5% or 1.0%, and if we are to believe the politicos, it's far more effective than a staright, increase in basic Corporate Tax rates on the alleged profits of the French subsidiaries of these multinationals.
Instead, Labour use the promise of tax increases for the ' rich ' just as a vote winner because it appeals to anyone with more conscience than understanding of the problem.
The 3rd World poor ?? No idea how they can be lifted out of squalor - there's simply way too many of them and too much corruption that ends up with much of the aid which is already sent to help but ends up in bank accounts in Grand Cayman.
Don't get me wrong - I'm more than happy and grateful that I was born where I was, when I was, and hate to see the financial struggles which are now everyday problems for too many of the generations after me.