Taxes, Poverty, and Equality

"Taxes, Poverty, and Equality," The Public Interest, Fall 1974.


Taxation, poverty, and equality are all and always proper subjects for concern and reformist action. But the first step toward effective reform is to disentangle these three themes. And this first step cannot itself be taken unless one appreciates and makes allowance for the powerful (if usually subterranean) movement of opinion among proponents of reform toward some form of liberal state capitalism, as distinct from our present “mixed economy.” For it is this movement of opinion which is responsible for the original entanglement and which has a profound interest in its continuance.

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