We need more progressive taxation, and a wealth tax, to pay for the Covid-19 rescue packages
Bukowski, P.
& Paczos, W.
(7 July 2020)
We need more progressive taxation, and a wealth tax, to pay for the Covid-19 rescue packages.
LSE COVID-19 Blog.
& Paczos, W.
(7 July 2020)
We need more progressive taxation, and a wealth tax, to pay for the Covid-19 rescue packages.
LSE COVID-19 Blog.
The cost of COVID-19 rescue packages will likely be partly financed by increased inflation, which will disproportionally affect less-affluent people and workers, including frontline NHS staff. Paweł Bukowski (LSE) and Wojciech Paczos (Cardiff University) argue that to spread that burden more equitably, governments should consider an increase in progressivity of income taxes and an introduction of a temporary wealth tax.