Critically discuss the extent to which tax policy should be used to reduce inequality in society. To what extent and how have UK governments used tax policy to do this since the 1970s?
Instructions
Uk based citations and dataArguments for and against societies permitting a high degree of inequality.Arguments for and aganst using taxation to reduce inequality.characteristics of different taxes which result in them reducing or increasing inequality.How the proportion of tax revenue raised by different types of taxes has varied since the 21970s. You should not go into too much detail. The general trajectory and a few figures from different year in this period will suffice.
Answer
Background During the World Wars, taxation increased due to the extra expenditure required to ensure the armed forces were evenly equipped. Unfortunately, the pre-war faced the same issue; for example, the taxation rates did not decline after the outbreak of peace, leaving the respective government revenue permanently increased in the wake of the war. After World War II, revenue retrieved from taxation increased, making the late-60 and 70s highly volatile; therefore, the nations' economic growth fluctuated (TaxLab, 2021). Unfortunately, in the 80s, it became worse since the economic growth fell steadily. In the mid-90s, taxation across these nations increased until 2000. Since the millennial, the economic growth rate has been stable, reflecting on taxation levels of the 1980s (TaxLab, 2021...
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