PAYING FOR THE WELFARE STATE IN THE 21ST CENTURY

Contents

List of figures

List of tables

Acknowledgements

Abbreviations and acronyms

Introduction:Why understanding the tax system is so important

1. Fiscal crisis in post-industrial capitalism

Industrial capitalism: monopoly, competitive and state sectors2

The purposes of public expenditure

Post-industrial capitalism: a profile

Conclusion: benefits and taxes after industry – a post-industrial welfare state?

2. The history of tax and the development of the fiscal crisis in post-industrial capitalism

What is taxed: the elements of the tax base

Taxes not paid: the role of allowances and avoidance/evasion

3. Austerity, debt and welfare in post-industrial capitalism

4. Tax and inequality

Shaping inequality through personal taxation

Comparing the incidence of tax today with that in the 1970s and the contribution of taxation to inequality

Taxation and inequality: the respective contributions of taxation and cash and in-kind benefits

The 1 per cent, the falling wage share of national income and the shifting tax burden

The connection between the rising share of the top 1 per cent and systems of taxation

Changing composition of total tax revenues and shifting the tax burden

5. The politics of tax and welfare in post-industrial capitalism

Conclusion

Where now?

Can it be done?

References

Index