We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is Fiscal Conservatism?

By Jacob Queen
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Fiscal conservatism is an ideology based on reducing the amount of money that governments get through taxation while simultaneously reducing spending. People who believe in fiscal conservatism feel that taxes put a strain on the economy and that governments are generally too large anyway. They favor downsizing government services in order to make tax breaks financially feasible. There are also some fiscal conservatives who are more concerned with balancing government spending with taxation so that there isn't a debt.

Self-described fiscal conservatives usually hold a fundamental belief that people should be able to keep their own money so that they can decide what to do with it. Many think the government is essentially stealing their freedom by seizing their money and making their decisions for them about the best way to use it. Most people who follow this philosophy are willing to allow for a certain amount of taxation, but usually for very limited purposes such as national defense or policing. Some take it even further and oppose any kind of taxation, especially when the tax is taken involuntarily. They would generally favor sales taxes over something like a national income tax.

Some believers in fiscal conservatism also think that reducing taxes can actually increase government revenues in the long run. Those who hold this view think that putting more money into people's hands will result in so much economic growth that it will more than compensate for any revenue lost from tax cuts. This is one of the main aspects of fiscal conservatism that is widely opposed by those who disagree with the philosophy, and they point to examples where it has led to increased government deficits as proof that it doesn't work. Overall, this issue is very contentious and carries heated disagreement on both sides.

Another major concern for fiscal conservatives is usually spending. In the same way that they consider taxation anti-freedom, they often see government spending programs as a way of exerting control over the populous. Many of these individuals would prefer social services and help for the poor to come through voluntary charity instead of through governmental aid.

For some fiscal conservatives, it's not really a question of taxation or spending, but instead an issue of basic accounting. For example, they may actually favor raising taxes if that was required to keep government debt under control. These people think it's important that the government be run in a profitable way like a good business, so they may favor spending cuts along with tax increases in combination. This approach can be hard to sell politically because it's focused on long-term goals instead of short-term benefits.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Discussion Comments
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.