Social Sciences
4 years ago

UK tax reforms slash income inequality and poverty rates dramatically

Reducing poverty and inequality through tax-benefit reform and the minimum wage: the UK as a case-study
Anthony B. Atkinson, Chrysa Leventi, Brian Nolan, Holly Sutherland, Iva Valentinova Tasseva

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The study looked at how changing taxes, benefits, and the minimum wage in the UK could reduce income inequality and poverty. By using a computer model, the researchers found that making income taxes more progressive, increasing the minimum wage to a living wage, and changing social benefits could significantly decrease inequality and poverty. The results showed that these changes would have a big impact on reducing income inequality and poverty levels in the UK.