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Trump Suggests Tax Cuts for People Earning Less Than $200,000
(www.telesurenglish.net)
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this post was submitted on 27 Apr 2025
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In Finland the bourge is doing exactly this by raising the VAT, creating all sorts of new regressive taxes (like a sweet tax) and disguising it as "taking care of the national debt" which for some reason still is able to fly as an argument for the libs.
They are currently also trying really hard to dismantle the last parts of our very high progressive income taxation which I would argue is the last thing standing behind the remaining relative equality here. A tax cut that only benefits very high earners was just announced, along with further easing on taxes for capital.
Income equality has been quickly eroding here since the early 90s (income inequality rose in Finland faster than in any other OECD country during the late 90s to early 00s) and one key development behind this was a tax reform. Capital income tax was decided to no longer be progressive and this along with austerity measures and capital accumulation is the nail in the coffin for the welfare state. The same reform was done in Sweden and Norway around the same time.