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How about the government just finds a way to make do? It's kind of preposterous that we're staring an economic slowdown and high inflation in the face after de

How about the government just finds a way to make do? It's kind of preposterous that we're staring an economic slowdown and high inflation in the face after decades of incomes flat-lining and the .gov is telling people to cough up more. I get that EV owners are statistically richer but you're not gonna change that by raising the TCO via taxes.

JumpCrisscross 4y ago
Get your broader point about strained household budgets. But taxation is deflationary. Raising taxes lowers inflation.
- lettergram 4y ago
  Lol assuming inflation is caused by an increased money supply; not the material food shortage we are seeing. Further, this type of taxation is a regressive tax.
  - JumpCrisscross 4y ago
    > assuming inflation is caused by an increased money supply; not the material food shortage we are seeing Doesn’t matter. Fiscal taxation (spending) reduces (increases) aggregate demand directly. No need for monetary transmission channels.
    - lettergram 4y ago
      Except this taxation is supposedly going directly to spending on regular road maintenance. Which injects the funds directly back into the economy. Money supply isn’t changing here. Even if it were, demand isn’t being reduced. They’re just forcing you to spend it on roads.
      - JumpCrisscross 4y ago
        > this taxation is supposedly going directly to spending on regular road maintenance Totally orthogonal. Spending is stimulative. Taxation is tightening. That the two are traditionally bundled is political convenience. We can rail against the spending bit as inflationary. My narrow point is that calling out tax increases vis-à-vis inflation is inchoate.
    - f0xJtpvHYTVQ88B 4y ago
      Taxation doesn't change the amount of spending. It only changes who is doing the spending.
em500 4y ago
Here's an overview of the government expenditures: https://www.gov.uk/government/statistics/public-spending-statistics-release-february-2022/public-spending-statistics-february-2022 https://www.gov.uk/government/statistics/public-spending-sta... What should they cut? Every department will tell you they're underfunded.
Silhouette 4y ago
How about the government just finds a way to make do? On the other hand most of us would like (for example) a functioning NHS. That needs good people, good facilities, and the tax revenues to pay for both. There is a real and imminent danger that our whole public health system could collapse due to a mass exodus of skilled professionals who decide they've had enough. Arguably some parts of it already have. Behind the headlines about Ukraine and COVID and Brexit and so on are numerous mostly overlooked yet very significant problems within our society and economy. Many of those problems are only going to get worse and by extension more expensive to eventually fix if they aren't dealt with soon enough. If we're going to prevent those things from happening in the next few years then a lot of us are going to have to pay for it (whoever is leading the government for the next two years or after the next general election). Hopefully the less well-off who are already struggling will be looked after and the burden will fall on the better-off demographics. Of course most people don't want to pay more tax but I suspect many of those who could afford to do so without suffering too much would prefer that to the alternative of literally watching a family member die because there was no ambulance available when they called 999 in a medical emergency!

JumpCrisscross 4y ago

Get your broader point about strained household budgets. But taxation is deflationary. Raising taxes lowers inflation.

lettergram 4y ago
Lol assuming inflation is caused by an increased money supply; not the material food shortage we are seeing. Further, this type of taxation is a regressive tax.
- JumpCrisscross 4y ago
  > assuming inflation is caused by an increased money supply; not the material food shortage we are seeing Doesn’t matter. Fiscal taxation (spending) reduces (increases) aggregate demand directly. No need for monetary transmission channels.
  - lettergram 4y ago
    Except this taxation is supposedly going directly to spending on regular road maintenance. Which injects the funds directly back into the economy. Money supply isn’t changing here. Even if it were, demand isn’t being reduced. They’re just forcing you to spend it on roads.
    - JumpCrisscross 4y ago
      > this taxation is supposedly going directly to spending on regular road maintenance Totally orthogonal. Spending is stimulative. Taxation is tightening. That the two are traditionally bundled is political convenience. We can rail against the spending bit as inflationary. My narrow point is that calling out tax increases vis-à-vis inflation is inchoate.
  - f0xJtpvHYTVQ88B 4y ago
    Taxation doesn't change the amount of spending. It only changes who is doing the spending.

em500 4y ago

Here's an overview of the government expenditures: https://www.gov.uk/government/statistics/public-spending-statistics-release-february-2022/public-spending-statistics-february-2022 https://www.gov.uk/government/statistics/public-spending-sta... What should they cut? Every department will tell you they're underfunded.

Silhouette 4y ago

How about the government just finds a way to make do? On the other hand most of us would like (for example) a functioning NHS. That needs good people, good facilities, and the tax revenues to pay for both. There is a real and imminent danger that our whole public health system could collapse due to a mass exodus of skilled professionals who decide they've had enough. Arguably some parts of it already have. Behind the headlines about Ukraine and COVID and Brexit and so on are numerous mostly overlooked yet very significant problems within our society and economy. Many of those problems are only going to get worse and by extension more expensive to eventually fix if they aren't dealt with soon enough. If we're going to prevent those things from happening in the next few years then a lot of us are going to have to pay for it (whoever is leading the government for the next two years or after the next general election). Hopefully the less well-off who are already struggling will be looked after and the burden will fall on the better-off demographics. Of course most people don't want to pay more tax but I suspect many of those who could afford to do so without suffering too much would prefer that to the alternative of literally watching a family member die because there was no ambulance available when they called 999 in a medical emergency!