And yet it might explain a seemingly paradoxical feature of our contemporary politics. This is an era of widening inequality – of real anger towards the rich and powerful. And yet as The Economist notes, there’s been no groundswell in support for redistribution through the tax and benefit system.
It’s telling that the radical parties of the Left talk about more spending through borrowing or by resort to exotic measures such as Modern Monetary Theory. If higher taxation is mentioned at all, it is very clearly targeted at the super-wealthy and corporations. As for spending priorities, the emphasis is on free stuff for everyone – e.g. the abolition of student fees, socialised healthcare, universal basic income etc – as opposed to support targeted at the poor.
As I’ve argued before, you don’t get Scandinavian-style welfare states without Scandinavian levels of taxation on middle-class incomes – but that appears to be an unsaleable proposition in politics these days. [...]
I wonder if trends like the expansion of higher education, competition for affordable housing in expensive cities and the erosion of some mid-level occupations is having the effect of pushing the classes closer together – both physically and in terms of socio-economic status. One might have thought this would encourage solidarity, but it could be having the opposite effect – undermining popular support for focusing government assistance on the poorest people.
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