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Tuesday, January 10, 2017

Jeremy Corbyn backs "idiotic" cap on earnings to reduce inequality

Jeremy Corbyn has backed a cap on high earnings as a way to reduce income inequality, as the Labour leader makes a fresh pitch to UK voters.

Mr Corbyn told the BBC on Tuesday: “I would like there to be some kind of high earnings cap, quite honestly.” 

The Labour leader described the UK as a bargain basement economy on the shores of Europe. “We have the worst level of income disparity of most of the OECD countries,” he said. “It’s getting worse and corporate taxation is a part of it. If we want to live in a more egalitarian society and fund our public services we cannot go on creating worse levels of inequality.” 

 However, Mr Corbyn was reluctant to be drawn on details of an earnings cap: “I can’t put a figure on it and I don’t want to.”...

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