What values shape the economic policies of political parties on social programs and taxations?

Economic policies of political parties regarding social programs and taxation are often shaped by their underlying values, such as equity, efficiency, and individual responsibility. Parties on the left typically prioritize equity and social welfare, advocating for progressive taxation and robust social programs to reduce inequality. Conversely, right-leaning parties often emphasize efficiency and fiscal responsibility, supporting lower taxes and limited government intervention in social services. These differing values reflect broader ideological beliefs about the role of government and the principles of social justice and economic freedom.