Latest Issue


Blaming diplomas, natural capital and delusions of violence

By Prospect   November 2011

Scrap the 50p tax rate

Chris Huhne’s argument in favour of keeping the 50p tax rate (October) reminds us that politicians lie when they promise that a tax hike is only temporary. It also shows the main danger of progressive or graduated income tax: by dividing citizens into different groups, they can be mugged one group at a time. Politicians like to tell voters: “I have a great idea and only the two guys in the corner are going to pay for it, so why don’t the rest of you step outside?” Of course, the next time they come for…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect