Raise Taxes On The Wealthy Instead Of Cutting Public Expenditure

Dr. Michael LaitmanIn the News (from The Parliamentary Assembly of the Council of Europe (PACE)): “There is growing concern that the restrictive approaches of budget consolidation currently pursued in many European countries may not reach their objectives, but risk further exacerbating the crisis. Austerity measures applied across Europe are viewed increasingly critically by international experts and organisations as they can undermine democratic and social rights, in particular for the most vulnerable categories of the population.

“The Parliamentary Assembly should send out a strong signal by calling for a profound reorientation of austerity programmes, ending their quasi-exclusive focus on expenditure cuts in social areas such as pensions, health services or family benefits. Future national action should also include measures aimed at increasing public revenues by taxing higher income categories and property wealth more strongly, by shoring up the tax base and by enhancing tax collection, the efficiency of the tax administration and the fight against tax fraud, tax evasion and tax havens, corruption and the underground economy.

“Current budget consolidation programmes should be further supplemented with measures fostering sustainable economic growth, including the creation of new quality employment and special support to be given to the young generation in the transitional period between education and employment.”

My Comment: The nature of egoistic society is such that if we check the implementation of these good intentions, we will find out that in the end, the wealthy become wealthier and pay less, while the poor become poorer and pay more. This occurs everywhere in all countries and at all times. Not the calls of the authorities, not the direct instructions from the government, not the wishes of the rich themselves will change this trend.

Only the change of the basis of the egoistic society through education can transform it to a more equal one. After all, the development of society on the egoistic foundation is obliged to bring about, involuntarily through sufferings, or consciously and willingly, the change of human nature.

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