Public support for broad-based taxation risks eroding when voters learn that the super-rich pay lower tax rates than ordinary citizens, according to new research co-authored by King’s academics.
This looks like one of those “well, duh” scientific studies that feels obvious but hasn’t necessarily been done before.
Kin to “heterosexual men are aroused by lesbian porn” or “support for banning trans girls from sports decreases among those who actually know any.”
Basic fairness says if the rich aren’t paying their fair share, we should either raise their taxes or lower everyone else’s. (Which could lead to hyperinflation for all most of us care, except that the rich are better suited to fleeing inflation.)
More than a few are temporarily embarrassed millionaires, some are unable to comprehend how tax brackets work, and some genuinely believe that the rich would flee if taxed to the same level as say the £100k to £150k bracket, and that this would be “a bad thing”.
This looks like one of those “well, duh” scientific studies that feels obvious but hasn’t necessarily been done before.
Kin to “heterosexual men are aroused by lesbian porn” or “support for banning trans girls from sports decreases among those who actually know any.”
Basic fairness says if the rich aren’t paying their fair share, we should either raise their taxes or lower everyone else’s. (Which could lead to hyperinflation for all most of us care, except that the rich are better suited to fleeing inflation.)
It’s not obvious to me, I can’t relate at all to people who would see the rich dodging taxes and think “there should be no taxes”.
More than a few are temporarily embarrassed millionaires, some are unable to comprehend how tax brackets work, and some genuinely believe that the rich would flee if taxed to the same level as say the £100k to £150k bracket, and that this would be “a bad thing”.