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.