Tax reforms favoring the wealthy deemed politically feasible, impacting income distribution.
The article discusses how changes in tax policies can affect people's incomes, especially during times of economic crisis like the coronavirus pandemic. The researchers found that tax reforms that increase taxes more for higher-income individuals are more likely to be successful. By analyzing past tax reforms in the United States and France, they discovered that most reforms have followed this pattern. This means that it is possible to predict whether a tax reform will be politically feasible based on who benefits the most from it.