tag:blogger.com,1999:blog-33451096.post2686655208505324104..comments2024-03-28T07:14:01.343+00:00Comments on donpaskini: Sharing the proceeds of growthdonpaskinihttp://www.blogger.com/profile/05963534291677598324noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-33451096.post-41772923958022029182008-01-31T14:09:00.000+00:002008-01-31T14:09:00.000+00:00You're absolutely right: the tax and public spendi...You're absolutely right: the tax and public spending system is precisely the means by which the 'proceeds of growth' are shared. Tax cuts for the rich means less sharing.<BR/><BR/>As for 'fiscal drag', raising income tax thresholds in line with inflation rather than earnings growth actually allows people to maintain their standards of living year to year just as well as a system of zero income tax would (details <A HREF="http://viva-freemania.blogspot.com/2007/01/people-earn-more-shocker-what-drag.html" REL="nofollow">here</A>).Tom Freemanhttps://www.blogger.com/profile/02997295899017354602noreply@blogger.com