Dear friend of the FMF
In this week’s feature article, economist Luke Muller explains why more taxes, in the form of increased VAT, fuel levies and the sugar tax, harm the poor and exacerbate inequality between the rich and the poor. Taxes such as these have a greater impact on the poor because they spend more of their income on things such as basic food and transport - the more taxes there are, and the more complex the tax regime, the greater the negative impact on the poor.
Taxing people into poverty – LUKE MULLER
Tax has been a part of human history for millennia. There are records of farmers in ancient Egypt giving up a portion of their crops and peasants having to provide some of their labour freely to the Pharaoh. During the following centuries, taxation became commonplace in global societies, yet over time rulers learnt that there were limits to people’s willingness to comply. The French revolution was fueled by a revolt against onerous taxes and the British tax policy towards colonies helped to initiate the American Revolution and the formation of the United States. In 1789, Benjamin Franklin wrote “in this world nothing can be said to be certain, except death and taxes.”
Robert Vivian and Leon Louw – FAIS: the harbinger of things to come
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Media digest FEBRUARY 2018 for all media coverage
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Publish date: 22 March 2018 Views: 480
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation. This article may be republished without prior consent but with acknowledgement to the author.