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

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.