harveyfischer99.bsky.social
Econ grad from Australia interested in public finance and inequality. Also dabble a bit on housing, energy, infra and ag. Views not those of my employer etc.
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t.co/5g2cPNbnKI
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When you finance redistribution through a phase-out, you concentrate the burden of taxation on middle income families with children
A tax-financed universal system allows you to reduce the burdens associated with taxation by spreading it out vertically *and* horizontally!
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A few months ago I came across this 3 dimensional cylindrical bar column chart in a howard era tax paper 😬
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one of the best type of guys
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Good to see one of the classics getting reposted
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Yes
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seems like there's critical mass
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The only bread I eat now is the bread with jalepinos in it from my local bakery (Woolworths), and even then only rarely
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It also shows how ostensibly minor changes to indexation and eligibility can compound over time, creating an automatic process with huge long-term unwinding impacts baked in
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Seriously. The evolution of family payment coverage and adequacy in Australia is a big change to social policy that seems to have flown under the radar
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You will frequently hear complaints about income tax bracket creep, or the non-indexation of the $3m super cap, but it's rare to hear anyone talk about FTB bracket creep