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You absolutely need broadly based taxation for social democracy. But specifically for clawing back benefits from higher earners you can absolutely tax those sam
by laurencerowe 1mo ago
You absolutely need broadly based taxation for social democracy. But specifically for clawing back benefits from higher earners you can absolutely tax those same higher earners instead.
Dan has actually criticised a similar situation in the UK where child benefit is clawed back from higher earners.
> If I was a Tory Chancellor, I wouldn’t abolish inheritance tax. I’d fix the ridiculous marginal rates that mean there are hundreds of thousands of 30-somethings paying more than 70% tax on every additional £ they earn.
https://taxpolicy.org.uk/2023/09/24/70percent/ https://taxpolicy.org.uk/2023/09/24/70percent/
It’s reasonable to question the balance between how much taxation should be born by higher income pensioners (who likely own their home outright) vs working age people at the same level of income (who additionally pay social security tax). Maybe it would make more sense to roll social security into the tax system and raise pension payments so lower income pensioners don’t lose out.