This figure excludes refundable tax credits like the child tax credit and the EITC, which disproportionately benefit the poor.https://twitter.com/gabriel_zucman/status/1183144189351153664 …
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Sure, but there is a difference between not allocating all public spending (on defense, healthcare, education etc ) & not considering impact of individual benefits which increase/decrease cash in people's pockets.
Not doing one is not the answer to why not look at the other. From a household point of view the salient ETR measure is surely difference between market earnings and take home pay. Eg if govt cuts yr tax but also cuts yr benefits you are no better off.
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What if gov cuts NHS spending and you can’t have public health care anymore? Not sure why only cash transfers matter. You want to be comprehensive: 100% of taxes, 100% of transfers.
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This is a thread about the meaningfulness of metrics. There is no rule that says you can't look at net effects of taxes & cash benefits on take home pay *unless* you also allocate public goods like millitary spending as a benefit per household.
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