{"id":45766,"date":"2019-08-05T11:54:10","date_gmt":"2019-08-05T10:54:10","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=45766"},"modified":"2019-08-05T11:54:10","modified_gmt":"2019-08-05T10:54:10","slug":"the-true-story-of-neoliberalism-in-one-chart","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2019\/08\/05\/the-true-story-of-neoliberalism-in-one-chart\/","title":{"rendered":"The true story of neoliberalism in one chart"},"content":{"rendered":"<p>I was reading the <a href=\"https:\/\/www.ifs.org.uk\/uploads\/mirrleesreview\/design\/ch1.pdf\" target=\"_blank\" rel=\"noopener\">Mirrlees Review<\/a> of taxation, published by the Institute for Fiscal Studies in 2011 this morning (such things are my day job) when this chart jumped out:<\/p>\n<p><a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2019\/08\/05\/the-true-story-of-neoliberalism-in-one-chart\/screenshot-2019-08-05-at-11-48-47\/\" rel=\"attachment wp-att-45767\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-45767\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/08\/Screenshot-2019-08-05-at-11.48.47-550x356.png\" alt=\"\" width=\"550\" height=\"356\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/08\/Screenshot-2019-08-05-at-11.48.47-550x356.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/08\/Screenshot-2019-08-05-at-11.48.47-463x300.png 463w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/08\/Screenshot-2019-08-05-at-11.48.47-768x497.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/08\/Screenshot-2019-08-05-at-11.48.47-600x388.png 600w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/08\/Screenshot-2019-08-05-at-11.48.47.png 1038w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>If you want an explanation of the consequence of neoliberalism that's it: over the thirty years when it ran rampant the higher your income was the larger the increase in it was too.<\/p>\n<p>No wonder we have seen an increase in inequality.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I was reading the Mirrlees Review of taxation, published by the Institute for Fiscal Studies in 2011 this morning (such things are my day job)<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2019\/08\/05\/the-true-story-of-neoliberalism-in-one-chart\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,147],"tags":[],"class_list":["post-45766","post","type-post","status-publish","format-standard","hentry","category-economics","category-inequality"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/45766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=45766"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/45766\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=45766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=45766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=45766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}