Stack of pound coins

Dr Kristian Niemietz writes for Reaction

Dr Kristian Niemietz, Head of Health and Welfare at the Institute of Economic Affairs has written for Reaction on Corbyn’s suggestion that a wage cap should be introduced.

In the article Kristian argues that this policy has the potential for becoming a signal policy – one that is not really meant to produce any particular outcome but to signal the right instincts and intentions. It is effectively a top marginal tax rate of 100% and the effects on measures of inequality would be minimal.

Read the full article here.