Martin Sandbu’s opening salvo: is there a long-term case for higher taxes?
By David Gardner
I broadly agree with Krishna Guha but would like to address briefly two points he raises: on intergenerational equity; and the desirability of revenue neutrality were we to introduce a carbon tax.
Given the depth of the fiscal hole we’re in [and sinking], there is going to be an element of inequity, especially towards future generations, implied in the scale of what is required to rebuild and consolidate public finances. Unpalatable, but inevitable.
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