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Comments on: All I want for budget day http://www.tvhe.co.nz/2013/05/16/all-i-want-for-budget-day/ The Visible Hand in Economics Sun, 19 May 2013 09:54:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2013/05/16/all-i-want-for-budget-day/#comment-40929 Sun, 19 May 2013 09:54:00 +0000 http://www.tvhe.co.nz/?p=8666#comment-40929 In reply to PP.

That funding part is most definitely not easy – as it is incredibly difficult to figure out who bears the burden of any tax. Just because you place a tax on one place does not mean you know who is ultimately paying.

Also what we mean by health, education and base services is socially debatable. My impression is that what we mean by these services is more than some would think, and less than some others would think 😉

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By: PP http://www.tvhe.co.nz/2013/05/16/all-i-want-for-budget-day/#comment-40925 Sat, 18 May 2013 00:56:00 +0000 http://www.tvhe.co.nz/?p=8666#comment-40925 In reply to Matt Nolan.

Yes let’s be made aware of the trade offs. But it should be: a clear plan around how best the government spend in order to provide health service, education and base services to ALL (as opposed to how to fund it – that part is easy)

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By: Matt Nolan http://www.tvhe.co.nz/2013/05/16/all-i-want-for-budget-day/#comment-40915 Wed, 15 May 2013 20:44:00 +0000 http://www.tvhe.co.nz/?p=8666#comment-40915 In reply to PP.

With point 2), my thought is very much around the rising cost of healthcare – we need to be honest about the trade-offs that exist given that.

WIth point 4) hehehehehehe. My student loan still has a while to go, and given I’m going to start studying again it is going to go up further. Right now the lack of interest definitely helps me as an individual 😉

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By: PP http://www.tvhe.co.nz/2013/05/16/all-i-want-for-budget-day/#comment-40914 Wed, 15 May 2013 19:55:00 +0000 http://www.tvhe.co.nz/?p=8666#comment-40914 Agree with your points 1 and 3, however on
2) I would take the MMT angle that “funding” expenditure isn’t a concern (and neither is reaching surplus or running deficits per se) – it’s about whether that expenditure is risking an explosion in inflation (whatever that means precisely).
4) wait until my student loan is repaid – not long now…

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