Still Tilting the Balance: Wealth and Household Taxation by Social Democratic Governments
Bibliographic record
Abstract
Abstract In affluent democracies, a broad rise in wealth concentration since the 1980s has not been accompanied by a broad rise in wealth taxation. As a large literature points out, conditions such as growing financialization, tax competition and tax avoidance have all curtailed the ability of left governments to tax wealth. This article argues that, despite the global constraint on taxing wealth, as left governments continue to influence wealth concentration and more advanced economies enter an era of slowing population growth, financial wealth of the rich tends to gain at the expense of (more equal) housing wealth. In response, left governments increase taxes on financial assets relative to housing wealth. By contrast, when population growth is still high, left subtly by adjusting the relative difference by which different types of wealth are taxed. In particular, as governments tax housing wealth more heavily instead. These predictions are tested using data from 15 to 16 advanced economies (1970–2015).
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.002 | 0.008 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.001 | 0.001 |
| Science and technology studies | 0.001 | 0.002 |
| Scholarly communication | 0.003 | 0.002 |
| Open science | 0.000 | 0.002 |
| Research integrity | 0.001 | 0.001 |
| Insufficient payload (model declined to judge) | 0.007 | 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 itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".