Do you favour using taxation to redistribute wealth to the poorest sections of society?
It is an often missed fact about capitalism that it is the capitalist class who pay taxes. (See our article, The Taxation Myth, for further discussion of this.) Under capitalism, whether free market or state run, the state is under economic pressure to keep taxes to the minimal level required for serving the purposes of the capitalist class. Our article, Holes in the Safety Net, shows how several of the industrialised countries are under great pressure to minimise their welfare budgets. The history of the twentieth century showed that taxation cannot be kept at a level high enough to eliminate poverty through social transfers.
