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Prabhakar, Rajiv
(2021).
DOI: https://doi.org/10.1017/S0047279421000891
Abstract
Over the past decade there have been repeated calls for the greater taxation of wealth. These calls have had little impact on policy. There has been a global trend to reduce or abolish taxes on wealth. The contrast suggests that it may be better now to explore how taxes on wealth may be made a reality rather than designing new tax proposals. What are the barriers to tax wealth? This paper addresses this by conducting a case study of a high profile plan for introducing a one-off wealth tax in the UK. It identifies a tyranny of the status quo, framing and the policy process as key barriers to tax reform. It uses thematic analysis to study how the plans for a one-off wealth tax was discussed in the media and the UK Parliament. This paper argues that there were important shortfalls in both the way the case for a wealth tax was framed as well as the engagement with the policy process. It claims that a stronger framing would have discussed wealth inequality in greater depth and there was a need for a less equivocal case to Parliamentarians.
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About
- Item ORO ID
- 81001
- Item Type
- Journal Item
- ISSN
- 1469-7823
- Keywords
- Wealth Tax Commission; Wealth Tax; Covid-19; Wealth Inequality
- Academic Unit or School
-
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Economics
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS) - Research Group
- Global Challenges and Social Justice
- Copyright Holders
- © 2021 Rajiv Prabhakar
- Depositing User
- Rajiv Prabhakar