Tax reform and redistribution for a better recovery

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    Abstract

    A regressive tax system and welfare cuts under ideological austerity have generated growing poverty and inequality in the UK and US. Failures in responding to the Covid-19 pandemic and the resulting deep recession have the greatest impact on the poorest and most vulnerable, exacerbating poverty and inequality. In contrast to this depressing history, we show in detail that a better recovery in the UK requires a radical tax reform and a universal basic income, combined with a green new deal for full employment and a low-carbon economy, employee self-determination and economic democracy to eliminate exploitation and establish social justice.
    Original languageEnglish
    JournalJournal of Poverty and Social Justice
    VolumeFirst Online
    Early online date19 Mar 2021
    DOIs
    Publication statusE-pub ahead of print - 19 Mar 2021

    Keywords

    • Covid-19
    • Basic income
    • Income inequality
    • Nowcasting
    • Tax reform

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