simulate this circuit – Schematic created using CircuitLab
Why is the base current into Q1 so high according to the simulator? It is higher than I expect.
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Why is the base current into Q1 so high according to the simulator? It is higher than I expect.
Firstly, you are trying to get the voltage across R2 to be 50mV, which would result in 5A of current through it.
If somehow that happened, the voltage across the LED would be many many volts, far more than the 5V available. If you check the voltage across the LED in your simulation, it's 4.9V, the transistor is completely saturated, and its collector potential can't fall any further. So to make this circuit work, you need a load that has less than 5V across it with 5A through it. Try replacing the LED with a 0.5Ω resistor, which will drop 2.5V when passing 5A. That will produce collector potential of +2.5V, and keep the transistor out of saturation.
When the transistor is saturated like that, the op-amp doesn't know, and it still tries to raise its output to achieve 50mV at the emitter, an impossible task with that LED there. [Edit: user253751 pointed out correctly that whatever current in R2 that can't be sourced from the collector, can come via the base, making it technically possible to get 50mV across (5A through) R2. In the simulation that seems to be what's happening, but no real-life "normal" op-amp could possibly source that much current.] The op-amp output will rise as much as it can, which you see as +14V. The reason it's able to reach +14V is because you haven't explicitly set its limits (as far as the simulator is concerned), which you should do using an opamp with power rails connected to 0V and +5V.
Secondly, the TL081 is a bad choice for this design, since its output cannot drop below 1.5V above its negative supply. If you did as I suggested, and used an explicitly powered op-amp, with 0V and +5V supplies, the TL081's inability to produce a controlled output under +1.5V means that you can't guarantee good control of base potential near 0.7V.
While that's not necessarily going to cause the circuit to fail (since in this configuration the op-amp output is always sourcing current, rather than sinking), a wiser decision would be to use an op-amp that can officially get its output near to ground, like the LM358.
Lastly, for 5A collector current, the required base current would be unreasonably large. If you're unlucky, your particular 2N3055 could have current gain β as low as 20, requiring base current of \$I_B = \frac{5A}{20} = 250mA\$. There is no way any real regular op-amp can source anything even approaching that. Typically you should draw no more than 10mA from a TL081 or LM358 output. You really need to increase the current gain of the transistor stage a lot, perhaps by using a darlington pair arrangement.
Putting all that together, you have something like this:
simulate this circuit – Schematic created using CircuitLab
As you can see, the voltage across the load, R4, is the expected 2.5V, meaning that the transistor is operating in the linear region, not saturated.
Importantly, current demand from the op-amp output is a much more reasonable 560μA, and the voltage at Q2's base is well within the op-amp's output range, between +0.1V and +3.5V.
In real life, this would certainly burn out Q1. But in real life, OA1's output would saturate.
The older TL081 has Jfet inputs that do not work properly if they are 4V or less higher than the negative supply (its input common-mode voltage limit). Then the opamp output goes as high as it can. The minimum supply for a TL081 is plus +4V and -4V when the inputs are 0V or a positive voltage. The input common-mode voltage limit on a newer TL081H is 2V above the negative supply.