Yes. Here are some stats on the breakdown of trust in society: https://medium.com/@slowerdawn/the-decline-of-trust-in-the-u...
This animated gif makes it clear: https://invisible.college/reputation/declining-trust.gif
This animated gif makes it clear: https://invisible.college/reputation/declining-trust.gif
(1) If you lose trust in someone, you'll be less likely to try to find truth in their statements. Finding truth in someone's statements requires time and attention, and we'll invest that attention in people we trust.
(2) If you find falsehoods in their statements, you will lose trust in them.
Overall in Psychology, trust is a primary indicator of a relationship, marriage, partnership, or organization succeeding or falling apart. It's both a symptom and a cause of all other factors.
The classic example of the later are the politicians who rant “if only these people would get married and stay married, they wouldn’t be so poor” and neglect to consider that impoverished communities create the conditions for rampant single motherhood. The desire to raise children does not magically vanish merely because there are exactly zero worthwhile men in your community that aren’t your father’s age.
This trust is greatly eroded by calls to eliminate direct taxes on land holders. In America the local property tax is the most important thing holding society together. It provides residents with assurances that regardless of how corrupt the public process for distributing legal tender becomes, that the richest cannot simply buy the entire country and turn the continent into a private estate which their descendants will inherit in perpetuity without paying enormous taxes to everyone else.
When James Madison organized the assessment of property taxes at the national level during his presidency it resulted in the 'Era of Good Feelings' and a relative low point of political polarization. In contrast when state governments introduced sales taxes for the first time to reduce property taxes it prolonged the Great Depression, and when NYC gave the largest property tax abatements in the country to Donald Trump it lead to the Trump presidency which increased political polarization.