Globalization and the societal consensus of wealth tax cuts

Research output: Journal contributionsJournal articlesResearchpeer-review

Authors

  • Hanna Lierse

Wealth taxes are redistributive policies, which tap into the accumulation of wealth at the top. As the financial burden of these taxes affect a small elite, standard political science arguments suggest that they are popular instruments. Yet, democratic governments have increasingly cut wealth taxes. This paper sheds light on the reasons for their decline. It is the main argument that in the context of financial globalization not only right-wing but also left-wing governments cut wealth taxes as they undermine economic competitiveness, which is in the interest of the whole society. The societal consensus is particularly pronounced under corporatism, where capital and labour establish a reliable agreement not to tax wealth in return for long-term growth and employment. Based on a database for inheritance and net wealth taxes in up to 18 countries since 1970, the findings illustrate the emergence of a societal consensus of wealth tax cuts.

Original languageEnglish
JournalJournal of European Public Policy
Volume29
Issue number5
Pages (from-to)748-766
Number of pages19
ISSN1350-1763
DOIs
Publication statusPublished - 04.05.2022
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.

Recently viewed

Publications

  1. Web-based occupational stress prevention in German micro- and small-sized enterprises – process evaluation results of an implementation study
  2. Tundra Trait Team
  3. Deep Rolling for Tailoring Residual Stresses of AA2024 Sheet Metals
  4. Introduction
  5. The impact of emotions, moods, and other affect-related variables on creativity, innovation and initiative
  6. Lagrangian analysis of long-term dynamics of turbulent superstructures
  7. Same Play, Different Actors?
  8. Approaching the other
  9. The edge of virtual communities ?
  10. On the way to greener ionic liquids
  11. High temperature deformation and microstructural features of TXA321 magnesium alloy
  12. The necessity and proportionality of anti-terrorist self-defence
  13. Team Emotions and Team Learning
  14. Deciphering Sustainable Consumption: Understanding Motives and Heuristic Cues in the Context of Personal Care Products
  15. Normalisierung und Ausschluss
  16. Some Ideological Foundations of Organizational Downsizing
  17. Das Wissen des Profils
  18. Exploring complex phenomena with qualitative research methods
  19. Symmetry-aided computation of the detour matrix and the detour index
  20. Assessment of values
  21. An Im(Possible) Program
  22. Disrupting the rhythm of depression using Mobile Cognitive Therapy for recurrent depression
  23. Effect of laser peen forming process parameters on bending and surface quality of Ti-6Al-4V sheets
  24. 'I Cannot Overreach the Senate': Orienting to the Macro-Context of Legislative Debates of the Nigerian Senate
  25. Exploiting the Economic Opportunities of the Energy Transition
  26. Mindfulness-based interventions in the workplace
  27. Gremlin fusion products with immunoglobulin Fc domains and their use as antiinflammatories or immunomodulators
  28. What Is Popular Art?
  29. Anmerkung zu EuGH Rs. C-555/07 (Kücükdeveci)
  30. Lagging behind in CSR?
  31. Introduction: The Political Project of Corbynism
  32. Threshold Level
  33. The complementarity of single-species and ecosystem-oriented research in conservation research
  34. Warm, lively, rough?
  35. Technological governance - technological citizenship?
  36. Einleitung