346 | The Crisis of Democratic Capitalism with Martin Wolf
The Realignment
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Are We Going to Get a Significantly Smaller Set of Taxes?
In a universal suffrage democracy they may have to be prepared to raise the taxes. I think it's perfectly possible to raise taxes in a ways that are not particularly harmful hugely exaggerate the cost of higher taxes, he says. The honest debate is do we want this stuff? And if we do how much tax should we raise in order to pay for it and who should pay for it? If America doesn't accept that as a quality Then you're going to end up with our democracy You say.
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