OECD: Europeans Support the Creation of a Welfare State

OECD: Europeans Support the Creation of a Welfare State

According to a study conducted by the Organisation for Economic Cooperation and Development (OECD), most Europeans want rich people to pay taxes at an incremental rate.

The survey was conducted in 21 European countries. As it turned out, in wealthy countries people support the idea to tax the rich more than the government currently do.

The increased taxation of a certain part of the population can become a political lightning rod in some country. Today, US Democrats are proposing an increase in tax for high-income citizens, and the so-called “yellow vests” protesters in France demanding higher tax rates for the rich.

Most people with high incomes live in Portugal and Greece. After many years of economic crisis, the ratio of poor to rich in these two countries has increased from 68% to 80%.