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Comments on: A note on redistribution http://www.tvhe.co.nz/2012/01/25/a-note-on-redistribution/ The Visible Hand in Economics Wed, 25 Jan 2012 03:58:34 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2012/01/25/a-note-on-redistribution/#comment-36486 Wed, 25 Jan 2012 03:58:34 +0000 http://www.tvhe.co.nz/?p=6644#comment-36486 In reply to Keith Ng.

If there counterfactual was cutting spending on the poor then indeed balancing the budget through progressive tax increases would be redistribution.

I wasn’t aiming at this comment to be solely about the US – I just sort of felt that people were jumping on the “increase tax to reduce income inequality” line without thinking about what to do with the income.  I don’t really want to see it thrown into corporate welfare, opps I mean industrial policy.

Add to that the fact that Obama mentioned a whole bunch of industrial policy, and I decided to have the post based on the US 😉

]]> By: Keith Ng http://www.tvhe.co.nz/2012/01/25/a-note-on-redistribution/#comment-36485 Wed, 25 Jan 2012 03:56:05 +0000 http://www.tvhe.co.nz/?p=6644#comment-36485 Is Obama’s argument that they have to raise taxes so they can have new redistributive spending, or they have to raise taxes otherwise they’ll have to cut spending/take on more debt?

I’m trying to find the paper (I think it’s from the Center on Budget and Policy Priorities) on the distributional impact of spending cuts, but it’s pretty much what you’d expect – spending cuts, in general, hit the poor the hardest. In which case, taxing to avoiding budget cuts is progressive.

]]> By: Matt Nolan http://www.tvhe.co.nz/2012/01/25/a-note-on-redistribution/#comment-36484 Wed, 25 Jan 2012 03:30:35 +0000 http://www.tvhe.co.nz/?p=6644#comment-36484 In reply to rauparaha.

You are right.  It is redistribution – just not necessarily from the rich to the poor 😀

]]> By: rauparaha http://www.tvhe.co.nz/2012/01/25/a-note-on-redistribution/#comment-36482 Wed, 25 Jan 2012 03:14:00 +0000 http://www.tvhe.co.nz/?p=6644#comment-36482 It is redistribution, just not the sort you want 😉

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