Michael Freeden
- Published in print:
- 1986
- Published Online:
- November 2003
- ISBN:
- 9780198274322
- eISBN:
- 9780191599330
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198274327.003.0005
- Subject:
- Political Science, Political Theory
This chapter examines the moderate brand of progressive liberalism that gained prominence during the 1920s. Progressive centrist-liberalism overlapped on several issues. It accepted a certain role of ...
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This chapter examines the moderate brand of progressive liberalism that gained prominence during the 1920s. Progressive centrist-liberalism overlapped on several issues. It accepted a certain role of the state, but refused to subscribe to a faith in the state as the disinterested agent of the community, reverting instead to a more individualistic conception of human nature and social relations. It magnified the ideological differences between liberalism and a socialist/trade-unionist Labour party. It was also less reflective, philosophically oriented, or synthetic in the broad cultural sense of integrating various braches of human knowledge.Less
This chapter examines the moderate brand of progressive liberalism that gained prominence during the 1920s. Progressive centrist-liberalism overlapped on several issues. It accepted a certain role of the state, but refused to subscribe to a faith in the state as the disinterested agent of the community, reverting instead to a more individualistic conception of human nature and social relations. It magnified the ideological differences between liberalism and a socialist/trade-unionist Labour party. It was also less reflective, philosophically oriented, or synthetic in the broad cultural sense of integrating various braches of human knowledge.
Raymond G. Batina and Toshihiro Ihori
- Published in print:
- 2000
- Published Online:
- October 2011
- ISBN:
- 9780198297901
- eISBN:
- 9780191685361
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198297901.003.0006
- Subject:
- Economics and Finance, Financial Economics
This chapter studies the time consistency problem as it affects tax policy. One example of the time consistency problem is the capital levy. Current governments cannot force future governments to ...
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This chapter studies the time consistency problem as it affects tax policy. One example of the time consistency problem is the capital levy. Current governments cannot force future governments to continue their tax policy and the usual scenario in most countries is that there is a ongoing change in tax policies as governments change. This time consistency problem tends to favor income tax over a consumption tax because of the temptation to tax fixed factors like capital at a high rate. However, tax evasion can reverse this scenario. Since it is easier to evade taxes on capital income than taxes on labor income, then it may be optimal to tax labor income at a higher rate than capital income.Less
This chapter studies the time consistency problem as it affects tax policy. One example of the time consistency problem is the capital levy. Current governments cannot force future governments to continue their tax policy and the usual scenario in most countries is that there is a ongoing change in tax policies as governments change. This time consistency problem tends to favor income tax over a consumption tax because of the temptation to tax fixed factors like capital at a high rate. However, tax evasion can reverse this scenario. Since it is easier to evade taxes on capital income than taxes on labor income, then it may be optimal to tax labor income at a higher rate than capital income.
