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Plans to drop the 50p tax rate are unjustified and unnecessary. The government should focus on job creation to help stimulate demand

Murphy, Richard (2012) Plans to drop the 50p tax rate are unjustified and unnecessary. The government should focus on job creation to help stimulate demand. British Politics and Policy at LSE (19 Mar 2012) Blog Entry.

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Abstract

Richard Murphy argues that the government needs to start focusing on creating jobs rather than on cutting taxes for the highest income earners. He claims that the 50p tax rate has not been easy to avoid as many have argued, and that replacing it with a new mansion or wealth tax will not not bring in the same amount of revenue. The government would better serve the economy by stimulating it through spending.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy/
Additional Information: © 2012 The Author
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HJ Public Finance
Sets: Collections > British Politics and Policy at LSE
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 21 May 2012 15:08
URL: http://eprints.lse.ac.uk/43826/

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