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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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.
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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I just gave you an example of how this could be misleading
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I don't think it's misleading. It's just a different metric. The IFS graph is not misleading because it doesn't allocate millitary spending. People understand that there is a difference between benefits that net against tax to out cash in yr pocket & spending on public services
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