Opinionomics: must-read analysis and comment

A merry Charles Murray, the mansion tax and David Blanchflower on the Budget.

1. Osborne should invest in jobs to beat depression – not cut the 50p tax rate (Independent)

David Blanchflower calls for the Chancellor to give firms renewed incentive to hire and invest in the UK, rather than spending billions cutting tax for the wealthiest in the nation.

2. How a mansion tax helps the rich (Stumbling and Mumbling)

Supporters of a mansion tax seem to have overlooked something - that such a tax would not be a tax upon the rich so much as upon the older rich, writes Tyler Cowen.

3. Out of sight, out of mind, still on the books (Economist)

The result of less visible public spending is that voters are less able to make informed judgments about their governments' expenditures, argues Free Exchange

4. Free-Trade Blinders (Project Syndicate)

Fetishizing globalization simply because it expands the economic pie is the surest way to delegitimize it in the long run, writes Dani Rodrik, who presents a remarkable example as to why we should assess whether we actually believe our own arguments.

5. Lunch with the FT: Charles Murray (Financial Times)

The social scientist talks to Ed Luce about black-truffle pasta, blue-collar America, and why the Republican party’s candidates for the White House fill him with despair.

Mansion, taxed: Wrest Park, in Sisloe, England. Credit: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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“Trembling, shaking / Oh, my heart is aching”: the EU out campaign song will give you chills

But not in a good way.

You know the story. Some old guys with vague dreams of empire want Britain to leave the European Union. They’ve been kicking up such a big fuss over the past few years that the government is letting the public decide.

And what is it that sways a largely politically indifferent electorate? Strikes hope in their hearts for a mildly less bureaucratic yet dangerously human rights-free future? An anthem, of course!

Originally by Carly You’re so Vain Simon, this is the song the Leave.EU campaign (Nigel Farage’s chosen group) has chosen. It is performed by the singer Antonia Suñer, for whom freedom from the technofederalists couldn’t come any suñer.

Here are the lyrics, of which your mole has done a close reading. But essentially it’s just nature imagery with fascist undertones and some heartburn.

"Let the river run

"Let all the dreamers

"Wake the nation.

"Come, the new Jerusalem."

Don’t use a river metaphor in anything political, unless you actively want to evoke Enoch Powell. Also, Jerusalem? That’s a bit... strong, isn’t it? Heavy connotations of being a little bit too Englandy.

"Silver cities rise,

"The morning lights,

"The streets that meet them,

"And sirens call them on

"With a song."

Sirens and streets. Doesn’t sound like a wholly un-authoritarian view of the UK’s EU-free future to me.

"It’s asking for the taking,

"Trembling, shaking,

"Oh, my heart is aching."

A reference to the elderly nature of many of the UK’s eurosceptics, perhaps?

"We’re coming to the edge,

"Running on the water,

"Coming through the fog,

"Your sons and daughters."

I feel like this is something to do with the hosepipe ban.

"We the great and small,

"Stand on a star,

"And blaze a trail of desire,

"Through the dark’ning dawn."

Everyone will have to speak this kind of English in the new Jerusalem, m'lady, oft with shorten’d words which will leave you feeling cringéd.

"It’s asking for the taking.

"Come run with me now,

"The sky is the colour of blue,

"You’ve never even seen,

"In the eyes of your lover."

I think this means: no one has ever loved anyone with the same colour eyes as the EU flag.

I'm a mole, innit.