A much increased need for support, paired with severe cyclical and structural fiscal pressures, can be expected to produce protracted periods of significant reforms, and a continued search for a new balance between alleviating inequality, and achieving fiscal sustainability. In addition, the dynamics of the income distribution produced by the GR - and the boom years that preceded it - can build up further pressure for policy adjustments. For instance, changing perceptions of what constitutes “fair” and “unfair” gaps between low and high-income earners may reshape social preferences and trigger periods of repeated policy adjustments Alesina etal.,