You might have guessed by now that I enjoy talking about taxes.
My interest is justified because taxes are an important tool for redistribution, and help reduce the levels of inequality. Back in 2020 (before the coronavirus was labelled a global pandemic), the United Nations sounded the alarm on the world’s growing inequality levels. According to the World Special Report 2020, economic inequality is growing within many countries as fewer people get richer, while more people fall into poverty. This was an important period to show that addressing inequality matters. People living in poorer neighbourhoods had a greater risk of contracting the disease because they were more likely to be employed in jobs that could not be done remotely. So some people end up being in a better position than others.
That brings us back to taxes. Economists agree that the reduction of economic inequality is one of