 Practice what you preach: the failure of the welfare state and the discovery of total equality through capitalismJeffrey Overall International Journal of Public Policy, 2017, vol. 13, issue 1/2, 69-85 Abstract: Using the Frankfurt School of Critical Theory and organisational theory as the theoretical foundation, I show how excessive taxation creates disincentives for individuals to reach their full economic potential. According to findings from the extant literature and, also, a case example from the Canadian economy, high taxation is shown not only to cause a decline in entrepreneurial activity, but also to lead to the perpetuation of the marginalisation of the economically disadvantaged. It further results in an unfair distribution of wealth from the high-income households to the low- and middle-income earners. To address this sociological predicament, total equality for all members of society is argued to be achievable through free-market capitalism. Future directions are suggested and recommendations for practice are discussed. Keywords: bounded rationality; free market capitalism; critical theory; entrepreneurship; organisational theory; socialism; taxation; welfare state; Canada; total equality; excessive taxation; entrepreneurial activity; marginalisation; economically disadvantaged; distribution of wealth. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpubp:v:13:y:2017:i:1/2:p:69-85 Access Statistics for this article More articles in International Journal of Public Policy from Inderscience Enterprises Ltd |
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