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My first thought on that entry was a way of distributing earnings more frequently than weekly or fortnightly. Are people more inclined to blow their paycheque o
by prawn 10y ago
My first thought on that entry was a way of distributing earnings more frequently than weekly or fortnightly. Are people more inclined to blow their paycheque on entertainment if it's a bigger lump sum? And maybe a way of automating a certain type of withholding to build an emergency fund, or pay for bills.
We grant concessions for retirement savings. Maybe the same for certain types of saving for essential bills? Water, gas, etc.
I don't really trust many services not to fleece their customers though.
- wastedhours 10y agoI'd be really interested in this as a concept - a regressive pre-tax deduction for basic utilities. As you say, the issue will be for utility companies not to jack prices to take advantage, but offsetting some tax revenue from income would lead to an increase (potentially) from VAT/sales tax because of more discretionary income?