2013
DOI: 10.1353/gso.2013.0006
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Returns to Capital: Austerity and the Crisis of European Social Democracy

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“…Additionally, the kinds of capital transfer and inheritance taxes advocated by Meade could be used not for general revenues, but additionally be hypothecated to this fund. Most interestingly perhaps and here with shades of the proposals of Rudolf Meidner, Holtham also makes the case for the use of 'scrip taxes'i.e., forms of corporate taxation paid with shares rather than cash -and financial transaction taxes as further sources of hypothecated revenue for the fund (Meidner, 1978; see also Guinan, 2012;2013;this volume). The UK Labour Party's endorsement of the 'Lawrence Plan' for Inclusive Ownership Funds harks back directly to the Meidner Plan and to Meade's own advocacy of capital dilution as a means of establishing a Citizens' Trust in the 1980s.…”
Section: Conclusion: An Old Idea With New Relevance?mentioning
confidence: 99%
“…Additionally, the kinds of capital transfer and inheritance taxes advocated by Meade could be used not for general revenues, but additionally be hypothecated to this fund. Most interestingly perhaps and here with shades of the proposals of Rudolf Meidner, Holtham also makes the case for the use of 'scrip taxes'i.e., forms of corporate taxation paid with shares rather than cash -and financial transaction taxes as further sources of hypothecated revenue for the fund (Meidner, 1978; see also Guinan, 2012;2013;this volume). The UK Labour Party's endorsement of the 'Lawrence Plan' for Inclusive Ownership Funds harks back directly to the Meidner Plan and to Meade's own advocacy of capital dilution as a means of establishing a Citizens' Trust in the 1980s.…”
Section: Conclusion: An Old Idea With New Relevance?mentioning
confidence: 99%