The Brookings report argues that closing long-term fiscal deficits cannot be achieved solely by taxing high earners or corporations. Analysis shows that the required savings necessitate broad-based tax increases that would significantly impact middle and lower-income families, as targeted taxes on the wealthy are insufficient. The report notes that high-tax OECD nations achieve high revenues through broad consumption taxes (like VAT) rather than exclusively through highly progressive taxes on the rich. Consequently, any major tax-funded deficit solution would impose a substantial burden on the working class, potentially without the comprehensive social benefits enjoyed by European counterparts.
Global democracy under pressure: Insights from Africa for a changing world
English Summary
The Brookings Africa Growth Initiative's new study argues that examining democratic resilience and fragility in African nations offers valuable insights for understanding global democratic trends. Their research, based on a year-long study, identifies specific factors contributing to both democratic endurance and decline, moving beyond simplistic narratives. The findings highlight the importance of local context, civil society engagement, and adaptable governance structures in navigating geopolitical pressures. This suggests that international support for democracy should be tailored to specific African contexts and prioritize strengthening local institutions rather than imposing external models.
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