It's not actually about reducing spending vs increasing taxes, it's about regressive tax policies vs progressive tax policies. Inequalities are rising, because progressive forms of taxation (wealth tax...) are being removed in favor of regressive ones (such as this ridiculous internet tax), while the redistributive apparatus (social security, benefits...) shrinks year after year. The reason is simple: the rich basically own the government, evidenced by the fact that they are the only winners of the past decades.
We've been doing austerity and tax cuts for the rich for 50 years now, under neoliberalism. We have to stop and focus our attention on reducing the wealth inequality that are destroying our nations, before it's too late.
We've been doing austerity and tax cuts for the rich for 50 years now, under neoliberalism. We have to stop and focus our attention on reducing the wealth inequality that are destroying our nations, before it's too late.