Valentino Larcinese

Valentino Larcinese is a professor of public policy at the London School of Economics and Political Science. His main research interests include the determinants and consequences of political inequality, the content and political influence of mass media, the political economy of taxation, public spending, and redistribution. Recent and forthcoming publications include studies of the extension of voting rights, of media bias and television viewers’ behavior, and of the unintended consequences of tying governments’ hands. His personal web-page is: people/academic-staff/valentino-larcinese.

Uninhibited Campaign Donations Risks Creating Oligarchy

In new research, Valentino Larcinese and Alberto Parmigiani find that the 1986 Reagan tax cuts led to greater campaign spending from wealthy individuals, who benefited the most from this policy. The authors argue that a very permissive system of political finance, combined with the erosion of tax progressivity, created the conditions for the mutual reinforcement of economic and political disparities. The result was an inequality spiral hardly compatible with democratic ideals.

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