Regressive taxation and spending cuts serve the same class-confiscating function

Evidence

You may find these scenarios paradoxical or even a reflection of the failure of our economic policies. I don’t blame you. What I want to stress, however, is that these results are not a failure for the logic of our economic system. The result of regressive taxation is the same as that of cuts to social spending: the confiscation of the working peoples’ resources increases their economic vulnerability, their precariousness, and dependence on the market. These are definitely problems for us but not for the system, because securing market dependence means securing the foundations of the capital order. — Clara E. Mattei, Escape from Capitalism, 150

Categorization

• XREF: connects to: Consolidations after 2008 crashed services while raising only regressive taxes — Mark Blyth, Austerity: The History of a Dangerous…, 602; Regressive taxation and spending cuts both function to secure market dependence — Clara E. Mattei, Escape from Capitalism: An Intervention, 150; Fiscal and monetary austerity jointly transfer capital accumulation costs onto working classes — Clara E. Mattei, The Capital Order: How Economists…, 774 (+9 more)

Broader Connections

• Regressive taxation and spending cuts both function to secure market dependence #corroborates (0.92) — Clara E. Mattei, Escape from Capitalism, 150
• Fiscal and monetary austerity jointly transfer capital accumulation costs onto working classes #corroborates (0.85) — Clara E. Mattei, The Capital Order, 774
• State fiscal restriction functions as upward wealth redistribution #corroborates (0.85)
• Austerity is an effective class-structure instrument, not an economic error #corroborates (0.82) — Clara E. Mattei, Escape from Capitalism, 142
• Regressive taxation hits wages at source while capital income escapes through loopholes #exemplifies (0.75) — Clara E. Mattei, Escape from Capitalism, 146
• Treasury economists framed taxation as forced abstention on the working class #exemplifies (0.72) — Clara E. Mattei, The Capital Order, 912
• Tax evasion, austerity, and loose monetary policy mutually reinforce each other #expands (0.72) — Nick Srnicek, Platform Capitalism, 38
• Austerity policies function to silence working class economic demands #expands (0.70) — Clara E. Mattei, The Capital Order, 774