Social democracy and the relative price of investment: left governments, indirect taxation and the division of corporate income in affluent democracies
Why this work is in the frame
A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.
Bibliographic record
Abstract
Abstract While indirect taxes can fall on both consumption and investment spending, there has been little discussion on how governments may tax these two types of expenditure differentially. This article shows that the choice between taxing consumption and investment spending has important distributive implications for left governments as the traditional defenders of redistribution. In particular, when left governments increase taxes on investment relative to consumption expenditure, the higher price of investment relative to consumption goods drives up the labor share of corporate income, lowers corporate saving and reduces corporate net lending. Because this labor share strategy of redistribution is likely to antagonize capital, left governments tend to pursue it more intensely when corporatism has declined. I test these arguments using data across 12–14 Organisation for Economic Cooperation and Development (OECD) countries from the 1970s to 2010.
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Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.002 | 0.001 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.001 | 0.000 |
| Bibliometrics | 0.000 | 0.000 |
| Science and technology studies | 0.001 | 0.002 |
| Scholarly communication | 0.000 | 0.000 |
| Open science | 0.000 | 0.000 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.000 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it