The Mirrlees review is proposing a merger of the incomex and National Insurance systems.It is a common proposal from right-wing sources. But was there a
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The Mirrlees quote of the day
I haven’t finished writing about Mirrlees yet. But perhaps the most notable comment of the day came up during a question-and-answer session when one of
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It’s not only Jersey that’s lacking a Plan B
As some readers will know, I have written a document that I call Plan B for Jersey. They have, of course, rejected it, preferring their
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The Fed has a duty to foster maximum employment
Interesting that Martin Wolf notes today: The Fed, added the chairman, has a dual mandate, to foster maximum employment and price stability. Doing nothing would
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Whom the gods wish to destroy they first make mad.
From Martin Wolf in the FT today: Yes, it may be reasonable to call for a reconsideration of the global monetary system, as Robert Zoellick,
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Mirrlees – a redeeming feature
I have found a redeeming feature in the Mirrlees recommendations. They suggest the abolition of stamp duty on sales of domestic housing and the abolition
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Mirrlees and savings – making inherently unjust proposals
The Mirrlees report assumes that savings equal deferred consumption. As such their whole approach to the tax of savings assumes that this is simply an
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Mirrlees – and consumption taxes
The Mirrlees review has a number of assumptions on consumption taxes. The most important, it says, is that such taxes should only be charged on
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Mirrlees thinks that inequality mainly results from different opportunities to work
Amazingly, the opening presentation on the Mirrlees review this morning suggested that the fundamental cause of inequality in the UK is different opportunities for access
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