Does the financial crisis create opportunities for wealth taxation?

Prabhakar, Rajiv (2012). Does the financial crisis create opportunities for wealth taxation? In: Erreygers, Guido and Cunliffe, John eds. Inherited Wealth, Justice and Equality. Routledge Frontiers of Political Economy (165). Abingdon: Routledge, pp. 141–153.

URL: http://www.routledge.com/books/details/97804155169...

Abstract

The economic recession has slowed efforts to weaken inheritance taxation in the UK. Political debates about cuts in government spending mean that cutting inheritance taxation is not seen as a priority. However, can present conditions create a positive case for wealth taxes? This chapter examines the ways that the recession might provide arguments for wealth taxation. A house price bubble is usually seen as one of the root causes of the crisis. This might support arguments about a form of land tax. Wealth taxes might also fit into a rethinking of economic policy.

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