Can taxation reduce inequality?
Income inequality is high or worsening within many countries globally. This not only raises serious moral concerns. It also contributes to political instability and undermines inclusive economic growth.
Governments can use taxation to reduce inequality. They do this by taxing people fairly and spending a share of the revenue on social safety nets for the poor, sick, unemployed or those most impacted by negative shocks, such as Covid-19 the climate emergency, and by investing in human capital through education and health.
But many lower income countries cannot afford comprehensive social…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.