Richard Murphy

In this engaging discussion, Richard J Murphy, a political economist and tax reform advocate, shares his insights on taxation and economic repair. He argues that effective tax reform can boost productivity and welfare. Murphy critiques current corporate taxation and suggests focusing on higher income taxes for the wealthy rather than broad wealth taxes. He explains how reducing inequality can stimulate economic demand and proposes aligning tax rates on income and capital gains to eliminate perverse incentives. Don’t miss Murphy’s views on government debt and monetary policy!

Richard Murphy, an economist and chartered accountant known for his insights on modern monetary theory, dives into provocative economic discussions. He challenges the notion that national economies should balance like household budgets and deconstructs how inflation can sometimes aid in wealth redistribution. Murphy advocates for fiscal reforms targeting capital gains and suggests prioritizing universal basic services over UBI. He elaborates on the impacts of the Bank of England's policies and envisions a new economic paradigm focused on social safety nets and full employment.

Richard Murphy, an economist and author of The Joy Of Tax, joins to discuss the real meaning behind government deficits—they're essentially your money! He delves into Corbynomics and critiques Labour's fiscal credibility rule, urging a reevaluation of fiscal versus monetary policies. The conversation highlights the role of government investment in reducing societal inequality and the importance of taxing the wealthy. Murphy also emphasizes transparency in economic leadership, advocating for a more informed and collaborative approach to public finance.