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In Britain for example, 64% of the population oppose raising income taxes and 84% oppose raising inheritance taxes. The only politically popular tax is a genera
by drmathias 12d ago
In Britain for example, 64% of the population oppose raising income taxes and 84% oppose raising inheritance taxes. The only politically popular tax is a general wealth tax which has 77% in favour.
It is generally accepted a wealth tax will not directly meaningfully lower the deficit. There's also examples of those who would be affected spending massive sums of money lobbying against such taxes and threatening capital flight. These are generally the same group of people as political donors.
Studies also show 84% of people across the top 36 major countries believe wealth inequality is a problem in their country. This leads me to draw the conclusion that politically popular tax policy and wealth inequality are closely intertwined.
All these things considered, a political party evaluating the risk of policy changes on their polling would always pick the option of reducing spending.
- deleted 12d ago[deleted]