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Comments on: GST rise “helping the poor” http://www.tvhe.co.nz/2010/05/20/gst-rise-helping-the-poor/ The Visible Hand in Economics Thu, 20 May 2010 10:02:32 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Ken http://www.tvhe.co.nz/2010/05/20/gst-rise-helping-the-poor/#comment-25347 Thu, 20 May 2010 10:02:32 +0000 http://www.tvhe.co.nz/?p=4985#comment-25347 Ah sweet.
Thanks 🙂

]]> By: Matt Nolan http://www.tvhe.co.nz/2010/05/20/gst-rise-helping-the-poor/#comment-25345 Thu, 20 May 2010 09:50:16 +0000 http://www.tvhe.co.nz/?p=4985#comment-25345 @Ken

Some of the incidence of the tax from property will partially fall on the poor for sure. And a higher GST rate also costs the poor yes.

But lower income taxes benefit the poor. Higher income transfers based on the increase in GST benefit those on low incomes too.

Hone’s point was that the poor would be relatively worse off from this budget – but that doesn’t seem to be the case at all. Prices and transfers will change, but the figures do not tell us that the very poorest will be poorer.

]]> By: Ken http://www.tvhe.co.nz/2010/05/20/gst-rise-helping-the-poor/#comment-25344 Thu, 20 May 2010 09:07:12 +0000 http://www.tvhe.co.nz/?p=4985#comment-25344 Although Hone is wrong in saying that poor people spend nearly all of their money on things you pay GST on, isn’t he still right about the increase in GST hurting the poor? With changes in property tax leading to increases in the cost of renting, won’t this mean low income households will spend an even larger proportion of their income on housing services?

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