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Inequality and the Need for Relevant Policies

  • Ahmad Seyf
Chapter
Part of the International Papers in Political Economy book series (IPPE)

Abstract

It is difficult to deny that there is a great and widening income and wealth divide in the global capitalist economies. This chapter investigates if this divide has widened since the global financial crisis of 2007–2008. With the further development of a rentier capitalism, the super rich and big corporations, have learned how to hide their wealth and even in some cases, their income. This chapter discusses the scale of tax evasion and tax avoidance, and evaluate their impacts on state’s tax base. Proposals for tax reforms will be discussed. Given the scale of tax evasion and avoidance, for progressive taxation to be effective in reducing the gap, other measures may be needed and will be discussed. This chapter also discusses how this higher revenue should be spent in order to narrow income and wealth divide. As a case in point, education is highlighted.

Keywords

Great Recession Inequality Rentier capitalism Tax evasion Tax avoidance 

JEL Classification

D63 E12 E62 F02 

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Ahmad Seyf
    • 1
  1. 1.Regent’s University LondonLondonUK

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