The Benefits of Progressive Taxation in Economic Development

Christian Weller ()

Review of Radical Political Economics, 2007, vol. 39, issue 3, 368-376

Abstract: Progressive income taxation may result in a more equitable income distribution, higher revenues, less financial and economic volatility, and faster growth. The evidence shows a link with higher revenues and a more equitable income distribution but also with larger deficits. There is no link to output volatility and growth. The alternative of a value-added tax does not offer universally better outcomes, either in isolation or in combination with progressive taxes.

Keywords: progressive taxation; value-added taxes; economic development; economic stability; income inequality (search for similar items in EconPapers)
Date: 2007
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